Penalty u/s 271B - not getting accounts audited u/s 44AB - when ...

No penalty u/s 271B if no profit computation; Section 44AB audit not required for assessee society.

February 2, 2018

Case Laws Income Tax AT

Penalty u/s 271B - not getting accounts audited u/s 44AB - when there is no computation of profits and gains of the business or profession as part of the total income, the assessee society is not amenable to section 44AB of the Act. - AT

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Penalty u/s 271B - not getting accounts audited u/s 44AB - when ...

No penalty u/s 271B if no profit computation; Section 44AB audit not required for assessee society.

February 2, 2018

Case Laws Income Tax AT

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