https://www.taxtmi.com/highlights?id=73010 Revision u/s 263 - Failure to get books of account audited u/s 44AB - Incorrect claim of benefit of section 44AD - The assessee has not only failed to get its accounts audited, but while taking benefit and recourse u/sec. 44AD, it had even deducted the remuneration paid to partners, which is not allowable as deduction u/sec. 44AD of the Act. - AT en-us Fri, 10 Nov 2023 15:53:28 +0530 Fri, 10 Nov 2023 15:53:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73010 Revision u/s 263 - Failure to get books of account audited u/s 44AB - Incorrect claim of benefit of section 44AD - The assessee has not only failed to get its accounts audited, but while taking benefit and recourse u/sec. 44AD, it had even deducted the remuneration paid to partners, which is not allowable as deduction u/sec. 44AD of the Act. - AT Highlights Income Tax Fri, 10 Nov 2023 15:53:28 +0530 https://www.taxtmi.com/highlights?id=73010