https://www.taxtmi.com/highlights?id=49780 Penalty levied u/s 271A - applicability of section 44AD - profit showed at lower rate - Audit was conducted u/s 44AB - AO shall not resort to short cut method of applying provisions of section 44AD of the Act, when the turnover of assessee exceeds the prescribed limit u/s.44AD en-us Fri, 18 Oct 2019 07:18:00 +0530 Fri, 18 Oct 2019 07:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=49780 Penalty levied u/s 271A - applicability of section 44AD - profit showed at lower rate - Audit was conducted u/s 44AB - AO shall not resort to short cut method of applying provisions of section 44AD of the Act, when the turnover of assessee exceeds the prescribed limit u/s.44AD Highlights Income Tax Fri, 18 Oct 2019 07:18:00 +0530 https://www.taxtmi.com/highlights?id=49780