https://www.taxtmi.com/highlights?id=54790 Penalty u/s 271A - non maintenance of books of account and not auditing of the same - when the issue of turnover in case of derivative transactions is a debatable issue, then the assessee cannot be penalized for not maintaining the books of account as the case would definitely fall under the provisions of section 273B- AT en-us Wed, 16 Sep 2020 13:49:38 +0530 Wed, 16 Sep 2020 13:49:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54790 Penalty u/s 271A - non maintenance of books of account and not auditing of the same - when the issue of turnover in case of derivative transactions is a debatable issue, then the assessee cannot be penalized for not maintaining the books of account as the case would definitely fall under the provisions of section 273B- AT Highlights Income Tax Wed, 16 Sep 2020 13:49:38 +0530 https://www.taxtmi.com/highlights?id=54790