https://www.taxtmi.com/caselaws?id=118615 The Tribunal upheld the penalty imposed under section 271A of the Income-tax Act against the appellant, a retailer in kiryana goods. The penalty was maintained as the appellant failed to comply with the provisions of section 44AA by not declaring total turnover and not maintaining proper accounts. Despite claiming coverage under section 44AF for retail trade, the appellant's failure to meet the conditions of that section led to the penalty being upheld. The Tribunal found no reasonable cause for the appellant's non-compliance, ultimately dismissing the appeal. en-us Fri, 18 Nov 2005 00:00:00 +0530 Wed, 04 Jul 2012 15:09:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118615 The Tribunal upheld the penalty imposed under section 271A of the Income-tax Act against the appellant, a retailer in kiryana goods. The penalty was maintained as the appellant failed to comply with the provisions of section 44AA by not declaring total turnover and not maintaining proper accounts. Despite claiming coverage under section 44AF for retail trade, the appellant's failure to meet the conditions of that section led to the penalty being upheld. The Tribunal found no reasonable cause for the appellant's non-compliance, ultimately dismissing the appeal. Case-Laws Income Tax Fri, 18 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118615