Penalty u/s. 271A and 271B - non-maintenance of books of account ...

Case Laws Income Tax

December 1, 2023

Penalty u/s. 271A and 271B - non-maintenance of books of account and not getting the books of accounts audited u/s. 44AB recpectivily - once the penalty is levied for non-maintenance of book of accounts, there cannot be further default for not getting the same audited as required u/s 44AB of the Act and therefore, the penalty levied u/s 271B is not justified and thus vacated. - AT

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Penalty u/s. 271A and 271B - non-maintenance of books of account ...

Case Laws Income Tax

December 1, 2023

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