https://www.taxtmi.com/caselaws?id=374530 The Tribunal allowed the appeal, ruling in favor of the assessee. It held that the turnover declared did not breach the Section 44AB limit, emphasizing that turnover for Section 44AB should be from the assessee's books, not third-party sources. The addition made by the Assessing Officer based on undisclosed turnover was deemed irrelevant for Section 44AB purposes, leading to the deletion of the penalty under Section 271B. en-us Wed, 23 Jan 2019 00:00:00 +0530 Mon, 04 Feb 2019 09:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374530 The Tribunal allowed the appeal, ruling in favor of the assessee. It held that the turnover declared did not breach the Section 44AB limit, emphasizing that turnover for Section 44AB should be from the assessee's books, not third-party sources. The addition made by the Assessing Officer based on undisclosed turnover was deemed irrelevant for Section 44AB purposes, leading to the deletion of the penalty under Section 271B. Case-Laws Income Tax Wed, 23 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374530