https://www.taxtmi.com/highlights?id=66214 Penalty levied u/s. 271B - failure to get accounts audited - determination of turnover - accommodation entries - it is seen that the explanations offered by the assessee have been ignored by the Assessing Officer as well as CIT(A) and levied penalty u/s. 271B of the Act. The discretion available u/s. 273B is not exercised by the Lower Authorities. - No penalty - AT en-us Thu, 27 Oct 2022 11:51:24 +0530 Thu, 27 Oct 2022 11:51:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=66214 Penalty levied u/s. 271B - failure to get accounts audited - determination of turnover - accommodation entries - it is seen that the explanations offered by the assessee have been ignored by the Assessing Officer as well as CIT(A) and levied penalty u/s. 271B of the Act. The discretion available u/s. 273B is not exercised by the Lower Authorities. - No penalty - AT Highlights Income Tax Thu, 27 Oct 2022 11:51:24 +0530 https://www.taxtmi.com/highlights?id=66214