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2019 (1) TMI 1333 - AT - Income TaxPenalty u/s 271B - assessee did not get its account audited - Held that:- The issue relating to maintenance of books of account is pending before the CIT(A) in quantum appeals for the year under consideration was not controverted by the Ld. Sr. DR. It is also noticed that the Assessing Officer in the penalty order under section 271B has mentioned that the assessee did not maintain the books of accounts, this fact requires verification and moreover the Assessee stated at Bar that the issue relating to the maintenance of books of account is pending before the CIT(A), we therefore, by considering the totality of the facts deem it appropriate to remand these cases to the file of Ld. CIT(A) to be adjudicated afresh - Decided in favour of assessee for statistical purposes.
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