Transport Vehicle Income: Section 44AE Exempts Higher Income from Triggering Tax Audit u/s 44AB. https://www.taxtmi.com/highlights?id=160 Transport Vehicle, deemed income u/s 44E, mere showing higher income does not make the assesse liable to tax audit u/s 44AB, income taxable u/s 44AE en-us Tue, 17 May 2011 14:46:12 +0530 Tue, 17 May 2011 14:46:12 +0530 TaxTMI RSS Generator Transport Vehicle Income: Section 44AE Exempts Higher Income from Triggering Tax Audit u/s 44AB. https://www.taxtmi.com/highlights?id=160 Transport Vehicle, deemed income u/s 44E, mere showing higher income does not make the assesse liable to tax audit u/s 44AB, income taxable u/s 44AE Highlights Income Tax Tue, 17 May 2011 14:46:12 +0530 https://www.taxtmi.com/highlights?id=160