https://www.taxtmi.com/caselaws?id=376890 The Appellate Tribunal ITAT Hyderabad allowed the assessee's appeal against the penalty imposed by the AO under section 271A for the assessment year 2013-14. The Tribunal found that the penalty was unwarranted as the increase in turnover did not necessitate the maintenance of books under section 44AB. Consequently, the penalty was set aside, and the appeal of the assessee was allowed. en-us Fri, 15 Mar 2019 00:00:00 +0530 Mon, 18 Mar 2019 09:03:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376890 The Appellate Tribunal ITAT Hyderabad allowed the assessee's appeal against the penalty imposed by the AO under section 271A for the assessment year 2013-14. The Tribunal found that the penalty was unwarranted as the increase in turnover did not necessitate the maintenance of books under section 44AB. Consequently, the penalty was set aside, and the appeal of the assessee was allowed. Case-Laws Income Tax Fri, 15 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376890