Penalty u/s 271B Inapplicable Due to Lack of Books for Audit u/s 44AB, Tribunal Rules.

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....Penalty u/s 271B - violation of provisions of section 44AB - When assessee did not maintain regular books of accounts, then the question of getting the books of account audited does not arise at all - since there is a violation of provisions of section 44AA of the Act and the said violation cannot be extended to section 44AB of the Act. - AT....