Tag: tax audit u/s 44AB

Penalty u/s 271B deleted for frequent change of Managing Director resulting delay in statutory audit causing delay in audit u/s 44AB within stipulated period. ABCAUS Case Law Citation: ABCAUS 2967 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties: Rajasthan Rajya Vidhyut Utpadan Nigam Ltd. vs. …

Non doctor running a hospital is not a professional for tax audit turnover limit purpose, but it is a business activity – ITAT deletes penalty u/s 271B ABCAUS Case Law Citation: ABCAUS 2914 (2019) (05) ITAT The appeal was filed by the assessee against the order of CIT(A) …