https://www.taxtmi.com/highlights?id=46210 Penalty u/s 271B - receipt from profession or receipt from business - the company in itself cannot be said to be having any professional qualification or education - It was running only with a motive to earn profit through engagement of specialized doctors and with the help of plant & machinery - carrying on a profession, possession of some professional qualification is must - penalty deleted en-us Wed, 01 May 2019 06:35:09 +0530 Wed, 01 May 2019 06:35:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=46210 Penalty u/s 271B - receipt from profession or receipt from business - the company in itself cannot be said to be having any professional qualification or education - It was running only with a motive to earn profit through engagement of specialized doctors and with the help of plant & machinery - carrying on a profession, possession of some professional qualification is must - penalty deleted Highlights Income Tax Wed, 01 May 2019 06:35:09 +0530 https://www.taxtmi.com/highlights?id=46210