https://www.taxtmi.com/forum/issue?id=113932 A transport operator who normally filed under the presumptive transport scheme consolidated contract receipts in her account, filed a revised return and obtained a tax audit after the due date following verification; the assessing officer completed assessment and imposed a penalty for failure to comply with the tax audit obligation, raising the question whether late audit and filing attract penalty when the audit threshold is triggered. en-us Sun, 08 Jul 2018 04:55:48 +0530 Thu, 23 Jan 2025 15:55:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113932 A transport operator who normally filed under the presumptive transport scheme consolidated contract receipts in her account, filed a revised return and obtained a tax audit after the due date following verification; the assessing officer completed assessment and imposed a penalty for failure to comply with the tax audit obligation, raising the question whether late audit and filing attract penalty when the audit threshold is triggered. Discussion-Forum Income Tax Sun, 08 Jul 2018 04:55:48 +0530 https://www.taxtmi.com/forum/issue?id=113932