https://www.taxtmi.com/caselaws?id=71572 Failure to maintain books of account attracts penalty under section 271A, and the audit obligation under section 44AB presupposes existing books capable of being audited. Where the assessee had already been penalised for non-maintenance of books, the same factual default could not be again treated as a separate breach under section 271B. The penalty under section 271B was therefore not sustainable and was deleted. en-us Tue, 18 Apr 2000 00:00:00 +0530 Mon, 25 Apr 2011 17:10:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71572 Failure to maintain books of account attracts penalty under section 271A, and the audit obligation under section 44AB presupposes existing books capable of being audited. Where the assessee had already been penalised for non-maintenance of books, the same factual default could not be again treated as a separate breach under section 271B. The penalty under section 271B was therefore not sustainable and was deleted. Case-Laws Income Tax Tue, 18 Apr 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71572