https://www.taxtmi.com/caselaws?id=430311 The High Court upheld the penalty imposed on the appellant under Section 271B of the Income Tax Act for non-compliance with Section 44AB. The Court found that the appellant's contradictory claims regarding turnover and failure to provide sufficient evidence led to the confirmation of the penalty. The Court determined that the Tribunal's decision had no legal error, dismissed the appeal, and made no order as to costs, closing any pending miscellaneous applications. en-us Wed, 02 Nov 2022 00:00:00 +0530 Wed, 16 Nov 2022 15:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430311 The High Court upheld the penalty imposed on the appellant under Section 271B of the Income Tax Act for non-compliance with Section 44AB. The Court found that the appellant's contradictory claims regarding turnover and failure to provide sufficient evidence led to the confirmation of the penalty. The Court determined that the Tribunal's decision had no legal error, dismissed the appeal, and made no order as to costs, closing any pending miscellaneous applications. Case-Laws Income Tax Wed, 02 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430311