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Income Tax - Highlights / Catch Notes

Home Highlights April 2020 Year 2020 This

Penalty levied u/s 271B - delay in getting accounts audited u/s ...


Penalty Imposed for Audit Delay u/s 271B Due to Unconvincing Illness Explanation by Assessee's Senior Partner.

April 16, 2020

Case Laws     Income Tax     AT

Penalty levied u/s 271B - delay in getting accounts audited u/s 44AB - Except making a submission of assessee that senior partner was no well, no plausible explanation was furnished - AO levied minimum penalty prescribed u/s 271B - Penalty confirmed.

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