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Income Tax - Highlights / Catch Notes

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Penalty u/s 271A and u/s 271B - not maintaining books of account ...

Case Laws     Income Tax

October 25, 2023

Penalty u/s 271A and u/s 271B - not maintaining books of account and for not getting the booking of account audited as provided u/s 44AB - Penalties levied u/s 271A for not maintaining books of account and penalty u/s 271B for not getting the books of account audited stand confirmed - AT

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  9. Penalty u/s. 271B - failure to get his books of accounts audited - if for some reason the assessee had not maintained books of account, then the appropriate provision...

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  11. The ITAT, an Appellate Tribunal, addressed the issue of penalty u/s 271B for failure to maintain and audit books of accounts under section 44AB. The assessee did not...

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