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2009 (9) TMI 231 - ALLAHABAD HIGH COURT
Penalty under section 271A, 271B – Account Books Audited – The assessee is engaged in the construction work It has not maintain any books of accounts. In this case Allahabad High Court held that, of getting the books of account audited could arise only where the books of accounts are maintained on this ground the Tribunal is justified by cancelling the penalty imposed under section 271B of the Act. The appeal is dismissed. – Decision in favor of assessee – against the revenue