https://www.taxtmi.com/caselaws?id=360868 The Tribunal upheld the penalty under section 271B of the I.T. Act, 1961, as the appellant failed to comply with audit requirements under section 44AB, fabricating documents and failing to substantiate turnover. The penalty was justified due to the fabricated audit report and failure to produce genuine books of account, leading to the dismissal of the appeal. en-us Tue, 22 May 2018 00:00:00 +0530 Thu, 24 May 2018 08:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360868 The Tribunal upheld the penalty under section 271B of the I.T. Act, 1961, as the appellant failed to comply with audit requirements under section 44AB, fabricating documents and failing to substantiate turnover. The penalty was justified due to the fabricated audit report and failure to produce genuine books of account, leading to the dismissal of the appeal. Case-Laws Income Tax Tue, 22 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360868