https://www.taxtmi.com/caselaws?id=401301 The tribunal upheld penalties under Sections 271(1)(b), 271A, and 271F, while deleting the penalty under Section 271B. The tribunal dismissed appeals for non-compliance with notices, failure to maintain books of accounts, and failure to furnish the return of income. The delay in appeals was condoned, but additional evidence was rejected as it did not impact the profit computation. The profit determination at 10% of gross receipts was upheld. The order was pronounced on 30/09/2020. en-us Wed, 30 Sep 2020 00:00:00 +0530 Fri, 04 Dec 2020 08:03:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401301 The tribunal upheld penalties under Sections 271(1)(b), 271A, and 271F, while deleting the penalty under Section 271B. The tribunal dismissed appeals for non-compliance with notices, failure to maintain books of accounts, and failure to furnish the return of income. The delay in appeals was condoned, but additional evidence was rejected as it did not impact the profit computation. The profit determination at 10% of gross receipts was upheld. The order was pronounced on 30/09/2020. Case-Laws Income Tax Wed, 30 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401301