https://www.taxtmi.com/highlights?id=37791 Penalty u/s 271A - violation of provisions of section 44AA - non-maintenance of books of accounts - Though the total income of the assessee was assessed by the AO as per the transaction recorded in the bank account however, the bank account of the assessee cannot be accepted or regarded as books of accounts - levy of penalty is justified - AT en-us Wed, 31 Jan 2018 09:19:57 +0530 Wed, 31 Jan 2018 09:19:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=37791 Penalty u/s 271A - violation of provisions of section 44AA - non-maintenance of books of accounts - Though the total income of the assessee was assessed by the AO as per the transaction recorded in the bank account however, the bank account of the assessee cannot be accepted or regarded as books of accounts - levy of penalty is justified - AT Highlights Income Tax Wed, 31 Jan 2018 09:19:57 +0530 https://www.taxtmi.com/highlights?id=37791