https://www.taxtmi.com/caselaws?id=286295 The tribunal allowed the appeals of the assessee (ITA Nos.203 to 206/CTK/2016) and set aside the penalty imposed under section 271A for nonmaintenance of books of account for the assessment year 2009-2010. The tribunal ruled that maintaining documents enabling income computation suffices as compliance with Section 44AA, referencing relevant legal interpretations and precedents. The decision was extended to subsequent assessment years, resulting in the deletion of penalties imposed in those cases as well. en-us Thu, 23 Nov 2017 00:00:00 +0530 Thu, 20 Feb 2020 10:19:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286295 The tribunal allowed the appeals of the assessee (ITA Nos.203 to 206/CTK/2016) and set aside the penalty imposed under section 271A for nonmaintenance of books of account for the assessment year 2009-2010. The tribunal ruled that maintaining documents enabling income computation suffices as compliance with Section 44AA, referencing relevant legal interpretations and precedents. The decision was extended to subsequent assessment years, resulting in the deletion of penalties imposed in those cases as well. Case-Laws Income Tax Thu, 23 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286295