https://www.taxtmi.com/caselaws?id=442989 The Tribunal upheld penalties imposed under section 271B for failure to conduct an audit under section 44AB and for income deemed to be from business rather than education in the case involving a Charitable Trust and a society running a school. Despite arguments regarding applicability and charitable status, the Tribunal affirmed the penalties, finding the income to be from business activities. The appeal was dismissed, with the Tribunal supporting the lower authorities' decisions based on the facts and legal provisions presented in the case. en-us Tue, 12 Sep 2023 00:00:00 +0530 Thu, 14 Sep 2023 09:02:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442989 The Tribunal upheld penalties imposed under section 271B for failure to conduct an audit under section 44AB and for income deemed to be from business rather than education in the case involving a Charitable Trust and a society running a school. Despite arguments regarding applicability and charitable status, the Tribunal affirmed the penalties, finding the income to be from business activities. The appeal was dismissed, with the Tribunal supporting the lower authorities' decisions based on the facts and legal provisions presented in the case. Case-Laws Income Tax Tue, 12 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442989