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M/s. Hridey Vikram, Versus Assistan Commissioner of Income-tax, Circle 22(1), New Delhi. - 2012 (10) TMI 852 - ITAT, DELHI
Penalty u/s 271B - assessee had not got its account audited u/s 44AB - Held that - As decided in ACIT Versus Smt. Bharti Sharma 2010 (7) TMI 494 - ITAT, NEW DELHI the assessee cannot be penalized for the act for which there is no failure on his/her part - for the purpose of sec. 44AB, turnover of all the businesses has to be considered but the provisions of sec. 271B will be pressed in operation i ....... - .......