Penalty for Non-Maintenance of Books Not Imposed if Turnover in Derivative Transactions is Debatable: Section 271A & 273B.

Penalty u/s 271A - non maintenance of books of account and not auditing of the same - when the issue of turnover in case of derivative transactions is a debatable issue, then the assessee cannot be penalized for not maintaining the books of account as the case would definitely fall under the provisions of section 273B- AT .....

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