Penalty Confirmed for Failure to Produce Audit Report u/s 44AB; Assessee's Argument Rejected by Court.

Penalty Confirmed for Failure to Produce Audit Report u/s 44AB; Assessee's Argument Rejected by Court. https://www.taxtmi.com/highlights?id=39559 Failure to produce the books of account and audit report u/s 44AB - the contentions of the assessee that since no books of account have been prepared, therefore could not be audited is not accepted - Penalty u/s 271B confirmed - AT en-us Thu, 24 May 2018 08:15:59 +0530 Thu, 24 May 2018 08:15:59 +0530 TaxTMI RSS Generator Penalty Confirmed for Failure to Produce Audit Report u/s 44AB; Assessee's Argument Rejected by Court. https://www.taxtmi.com/highlights?id=39559 Failure to produce the books of account and audit report u/s 44AB - the contentions of the assessee that since no books of account have been prepared, therefore could not be audited is not accepted - Penalty u/s 271B confirmed - AT Highlights Income Tax Thu, 24 May 2018 08:15:59 +0530 https://www.taxtmi.com/highlights?id=39559