https://www.taxtmi.com/caselaws?id=468842 Write-back of earlier years' interest expenditure shown as other income did not constitute sales, turnover or gross receipts for section 44AB, because gross receipts in that context mean business receipts arising from operations. As the assessee had nil revenue from operations and the amount was only a reversal pursuant to settlement, the compulsory audit threshold was not triggered. The return therefore could not be treated as defective under section 139(9) merely for absence of audit under section 44AB. en-us Tue, 11 Feb 2025 00:00:00 +0530 Thu, 21 May 2026 18:24:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468842 Write-back of earlier years' interest expenditure shown as other income did not constitute sales, turnover or gross receipts for section 44AB, because gross receipts in that context mean business receipts arising from operations. As the assessee had nil revenue from operations and the amount was only a reversal pursuant to settlement, the compulsory audit threshold was not triggered. The return therefore could not be treated as defective under section 139(9) merely for absence of audit under section 44AB. Case-Laws Income Tax Tue, 11 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468842