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…
No tax audit in one proprietorship firm-ITAT deleted penalty u/s 271B as when no accounts was maintained, assessee was not…
Penalty u/s 271B deleted for frequent change of Managing Director resulting delay in statutory audit causing delay in audit u/s…
If books of account not maintained penalty u/s 271B cannot be levied for non audit u/s 44AB. ITAT deleted penalty…
High Court declines to entertain Writ Petition against income tax penalty order in view of alternative remedy available by way…
Penalty 271B treating cash deposits in bank as turnover u/s 44AB upheld by Tribunal when assessee could not explain source…
Penalty u/s 271B for sales disclosed during survey can not be levied for failure to get accounts audited u/s 44AB…
Penalty 271B-Statutory auditor not tax auditors delay. Delay in completing statutory audit by Cooperative auditor was sufficient cause not imposing…