Penalty u/s 271B deleted as notices were uploaded on portal only, assessee being a divorcee lady could not access income…
No Penalty u/s 271B for non Tax Audit when AO treated capital gain transaction as business income In a recent…
Turnover in respect of speculation business is only net difference of independent transactions In a recent judgment, ITAT has held…
Penalty u/s 271B deleted where accountant handling accounts suddenly left the job but assessee furnished audit report before completion of…
Penalty u/s 271B deleted as assessee was not aware that section 44AB related to Tax Audit was applicable to him…
AO can not question genuineness of medical certificate unless he has some material to counter it – ITAT deletes penalty…
Delay in filing of Tax Audit Report due to computer data crash- Penalty u/s 271B quashed ABCAUS Case Law Citation:ABCAUS…
Penalty u/s 271B deleted. Books of Accounts not finalised due to TDS credit mismatch despite assessee made sincere attempts for…
No Penalty u/s 271B where assessee under bona-fide belief failed to get accounts audited u/s 44AB despite turnover exceeding threshold…
Penalty 271B deleted as accountant had to look after business activities due to assessee neurological problem. Hence he failed to…