https://www.taxtmi.com/caselaws?id=287311 The ITAT confirmed penalties under Sections 271(1)(c) and 271A for failure to report business receipts and maintain books of account. However, the penalty under Section 271B was deleted as it was impossible to audit non-maintained books. Appeals for penalties under Sections 271(1)(c) and 271A were dismissed, while the appeal for the penalty under Section 271B was allowed. en-us Wed, 16 May 2018 00:00:00 +0530 Thu, 09 Apr 2020 10:45:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287311 The ITAT confirmed penalties under Sections 271(1)(c) and 271A for failure to report business receipts and maintain books of account. However, the penalty under Section 271B was deleted as it was impossible to audit non-maintained books. Appeals for penalties under Sections 271(1)(c) and 271A were dismissed, while the appeal for the penalty under Section 271B was allowed. Case-Laws Income Tax Wed, 16 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287311