Penalty u/s. 271B - failure to furnish the audit accounts u/s. ...

Court Emphasizes Discretion in Imposing Penalties for Minor Breaches u/s 271B of Income Tax Act.

November 17, 2015

Case Laws Income Tax AT

Penalty u/s. 271B - failure to furnish the audit accounts u/s. 44AB - when there is a technical or venial breach of the provisions of law, the ends of justice requires that discretion should not be exercised in favour of punishing a minor default - AT

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Penalty u/s. 271B - failure to furnish the audit accounts u/s. ...

Court Emphasizes Discretion in Imposing Penalties for Minor Breaches u/s 271B of Income Tax Act.

November 17, 2015

Case Laws Income Tax AT

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