https://www.taxtmi.com/highlights?id=24158 Tax Audit - prescription of section 44AB of the Act was triggered only after AO rejected the assessee’s methodology of booking profit from its project - aving regard to the provisions of section 273B r.w.s. 271B of the Act, there was a reasonable cause prevailing with the assessee for not getting its accounts audited under section 44AB - penalty waived - AT en-us Mon, 10 Aug 2015 08:43:31 +0530 Mon, 10 Aug 2015 08:43:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=24158 Tax Audit - prescription of section 44AB of the Act was triggered only after AO rejected the assessee’s methodology of booking profit from its project - aving regard to the provisions of section 273B r.w.s. 271B of the Act, there was a reasonable cause prevailing with the assessee for not getting its accounts audited under section 44AB - penalty waived - AT Highlights Income Tax Mon, 10 Aug 2015 08:43:31 +0530 https://www.taxtmi.com/highlights?id=24158