Audit of accounts under section 44AB of the Income-tax Act, 1961-Penalty under section 271B for assessment year 1985-86-Regarding

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....             The Chief Commissioner (Admn.) and             Commissioner of Income-tax,             Gujarat-I, Ahmedabad. Subject:  Audit of accounts under section 44AB of the Income-tax Act, 1961-Penalty under section 2....

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....ider to extend the date specified in the Circular No. 422, dated 19th June, 1985,* from 30th September, 1985, to such other date as may be just and convenient having regard to the overall circumstances. The Board has since considered this matter. The officers working in the jurisdiction of the Gujarat High Court, while deciding on initiation of penalty itself under section 271B of the Income-ta....