https://www.taxtmi.com/caselaws?id=64328 The Tribunal allowed the appeal of the assessee, canceling the penalty imposed under section 271A for non-maintenance of books of account. The Tribunal considered compliance with legal provisions, the method of income computation based on a Circular by CBDT, and relevant case law, ultimately setting aside the penalty imposed by the Assessing Officer and confirming that the appellant met the requirements of section 44AA(1). en-us Fri, 11 Jun 2004 00:00:00 +0530 Mon, 07 Feb 2011 11:55:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64328 The Tribunal allowed the appeal of the assessee, canceling the penalty imposed under section 271A for non-maintenance of books of account. The Tribunal considered compliance with legal provisions, the method of income computation based on a Circular by CBDT, and relevant case law, ultimately setting aside the penalty imposed by the Assessing Officer and confirming that the appellant met the requirements of section 44AA(1). Case-Laws Income Tax Fri, 11 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64328