https://www.taxtmi.com/caselaws?id=184872 The court dismissed the petition challenging a second notice for failure to audit accounts, ruling it was not time-barred under s. 275(b) of the Income Tax Act. The court held that the second notice was distinct from the initial penalty proceedings for non-maintenance of account books and validly issued for failure to audit accounts under s. 271B. The court emphasized that the default under s. 271A and s. 271B are separate, affirming that the second notice was a separate proceeding and not covered by the initial penalty order. en-us Tue, 01 Dec 1998 00:00:00 +0530 Fri, 22 Jul 2016 18:31:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184872 The court dismissed the petition challenging a second notice for failure to audit accounts, ruling it was not time-barred under s. 275(b) of the Income Tax Act. The court held that the second notice was distinct from the initial penalty proceedings for non-maintenance of account books and validly issued for failure to audit accounts under s. 271B. The court emphasized that the default under s. 271A and s. 271B are separate, affirming that the second notice was a separate proceeding and not covered by the initial penalty order. Case-Laws Income Tax Tue, 01 Dec 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184872