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Income Tax - Highlights / Catch Notes

Home Highlights January 2020 Year 2020 This

Penalty u/s 271B - failure to get books of accounts audited u/s. ...


Assessee Avoids Penalty u/s 271B Due to Bona Fide Belief; Audit Failure Not Penalized.

January 22, 2020

Case Laws     Income Tax     AT

Penalty u/s 271B - failure to get books of accounts audited u/s. 44AB - assessee under the bonafide belief failed to get the accounts audited and in such facts and circumstances the penalty under section 271B is not warranted

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