Penalty for failure to maintain books: authority may impose sanction when records are not kept or retained as required. A statutory penalty is imposed by the Assessing Officer or appellate officers where a person fails to keep and maintain books of account and other ... Summary
Penalty for failure to maintain books: authority may impose sanction when records are not kept or retained as required.
A statutory penalty is imposed by the Assessing Officer or appellate officers where a person fails to keep and maintain books of account and other documents in accordance with the applicable recordkeeping rules or fails to retain such books and documents for the period specified by those rules.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.