Penalty for Unaccounted Turnover u/s 271B Deemed Unsustainable by Assessing Officer's Decision.

Penalty for Unaccounted Turnover u/s 271B Deemed Unsustainable by Assessing Officer's Decision. https://www.taxtmi.com/highlights?id=50009 Penalty u/s 271B - not getting account u/s 44AB - The action of the AO in treating the unaccounted turnover as part of total turnover and holding the assessee liable for paying penalty u/s 271B of the Act for not getting books of account audited, is not sustainable. en-us Sat, 02 Nov 2019 20:50:46 +0530 Sat, 02 Nov 2019 20:50:46 +0530 TaxTMI RSS Generator Penalty for Unaccounted Turnover u/s 271B Deemed Unsustainable by Assessing Officer's Decision. https://www.taxtmi.com/highlights?id=50009 Penalty u/s 271B - not getting account u/s 44AB - The action of the AO in treating the unaccounted turnover as part of total turnover and holding the assessee liable for paying penalty u/s 271B of the Act for not getting books of account audited, is not sustainable. Highlights Income Tax Sat, 02 Nov 2019 20:50:46 +0530 https://www.taxtmi.com/highlights?id=50009