https://www.taxtmi.com/caselaws?id=278441 The Tribunal upheld the penalty imposed under section 271B of the IT Act on the assessee for failure to file the audit report under section 44AB, as required due to the professional income exceeding the threshold. The appeal was dismissed, affirming the decision of the ld. CIT(A) and emphasizing the necessity of compliance with audit requirements for professional income exceeding the specified threshold. en-us Fri, 03 May 2013 00:00:00 +0530 Sat, 02 Feb 2019 14:23:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278441 The Tribunal upheld the penalty imposed under section 271B of the IT Act on the assessee for failure to file the audit report under section 44AB, as required due to the professional income exceeding the threshold. The appeal was dismissed, affirming the decision of the ld. CIT(A) and emphasizing the necessity of compliance with audit requirements for professional income exceeding the specified threshold. Case-Laws Income Tax Fri, 03 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278441