https://www.taxtmi.com/forum/issue?id=655 Where an assessee obtained an audit under the special presumptive audit provision but failed to file a return, the question arises whether penalty under 271B can be levied. The penalty regime is directed at failure to obtain audit under the general audit requirement in 44AB; sub section (5) of the special provision refers to that general provision. The applicability of the penalty when an audit under the special provision exists is debatable and may be contestable administratively. en-us Thu, 07 Feb 2008 18:30:54 +0530 Thu, 23 Jan 2025 15:58:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=655 Where an assessee obtained an audit under the special presumptive audit provision but failed to file a return, the question arises whether penalty under 271B can be levied. The penalty regime is directed at failure to obtain audit under the general audit requirement in 44AB; sub section (5) of the special provision refers to that general provision. The applicability of the penalty when an audit under the special provision exists is debatable and may be contestable administratively. Discussion-Forum Income Tax Thu, 07 Feb 2008 18:30:54 +0530 https://www.taxtmi.com/forum/issue?id=655