Penalty u/s 271B - Delay in getting the books of accounts ...

Delay in Auditing Books Not a Taxpayer Failure u/s 271B; No Penalty Triggered for Late Audits.

February 3, 2020

Case Laws Income Tax AT

Penalty u/s 271B - Delay in getting the books of accounts audited cannot be considered as failure on the part of the assessee as envisaged under the provisions of section 271B of the Act. Thus the delay in getting the accounts audited cannot attract the penalty provisions as specified under section 271B of the Act.

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Penalty u/s 271B - Delay in getting the books of accounts ...

Delay in Auditing Books Not a Taxpayer Failure u/s 271B; No Penalty Triggered for Late Audits.

February 3, 2020

Case Laws Income Tax AT

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