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Two firms but audit of the second was not conducted , will he be liable to penalty u/s 271B?

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....wo firms but audit of the second was not conducted , will he be liable to penalty u/s 271B?<br> Query (Issue) Started By: - CHAMAN BANTHIA Dated:- 25-2-2019 Income Tax<br>Income Tax<br>during assessme....

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....nt proceedings the second firm&#39;s profit was calculated as per sec 44AD.<br> Discussion Forum - Knowledge Sharing ....

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