Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2007 (2) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2007 (2) TMI 270 - ITAT PATNAExtract: ....... of the Act to get his accounts audited. Once that is so, no fault can be found with the assessee for not getting his accounts audited. In any case, the explanation furnished by the assessee is satisfactory and, therefore, no penalty can be levied on him. Penalty so levied is cancelled. 7. In the result, the appeal filed by the assessee is allowed.
|