https://www.taxtmi.com/caselaws?id=395317 The Tribunal upheld the penalty imposed under section 271B of the Income Tax Act, 1961 on the assessee, a medical practitioner running a maternity home. The Tribunal determined that the assessee was engaged in the medical profession, not business, and therefore, the audit requirements applicable to professionals were applicable. The Tribunal found that the turnover of the assessee fell under the provisions of section 44AB, and thus upheld the penalty. The appeal was dismissed, affirming the decision of the CIT(A) on February 13, 2020. en-us Thu, 13 Feb 2020 00:00:00 +0530 Sat, 16 May 2020 12:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395317 The Tribunal upheld the penalty imposed under section 271B of the Income Tax Act, 1961 on the assessee, a medical practitioner running a maternity home. The Tribunal determined that the assessee was engaged in the medical profession, not business, and therefore, the audit requirements applicable to professionals were applicable. The Tribunal found that the turnover of the assessee fell under the provisions of section 44AB, and thus upheld the penalty. The appeal was dismissed, affirming the decision of the CIT(A) on February 13, 2020. Case-Laws Income Tax Thu, 13 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395317