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Shri Subhrajee Mallick, Prop. M/s. BPL. Distributors Versus Income-tax Officer, Ward-2, Paradeep. - 2012 (11) TMI 137 - ITAT CUTTACK - Income Tax
Retail trade u/s 44AF - Income below the rate of 5 as prescribed u/s 44AF - Penalty u/s 271(1)(b) for non-compliance and u/s.271(1)(c) holding a view the addition was the result of submission of inaccurate particulars of income in violation to the provisions of Section 44AF - Held that - CIT(A) can do what the ITO can do and also direct him to do what he has failed to do, as held in Jute Corpn. of India Ltd. v. CIT 1990 (9) TMI 6 - SUPREME COURT Since the assessee maintained books of account dul.......