No Penalty for Unaudited Accounts u/s 271B Due to Flood Destroying Records Required by Section 44AB. https://www.taxtmi.com/highlights?id=36243 Penalty levied u/s 271B - failure to get accounts audited u/s 44AB - books of account and other relevant documents were destroyed by natural calamity, i.e. flood - No penalty en-us Thu, 07 Sep 2017 21:56:48 +0530 Thu, 07 Sep 2017 21:56:48 +0530 TaxTMI RSS Generator No Penalty for Unaudited Accounts u/s 271B Due to Flood Destroying Records Required by Section 44AB. https://www.taxtmi.com/highlights?id=36243 Penalty levied u/s 271B - failure to get accounts audited u/s 44AB - books of account and other relevant documents were destroyed by natural calamity, i.e. flood - No penalty Highlights Income Tax Thu, 07 Sep 2017 21:56:48 +0530 https://www.taxtmi.com/highlights?id=36243