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2024 (3) TMI 663 - ITAT RAIPURPenalty u/s. 271A - AO treating the assessee as being in default for not maintaining books of accounts as required per the mandate of Section 44AA - HELD THAT:- Considering the fact that the assessee had uploaded the relevant extract of his cash book for the year under consideration (as was called for by the A.O in the course of the assessment proceedings), we are unable to comprehend why and on what basis it had been concluded by the A.O that the assessee was not maintaining its books of accounts. Thus not being able to persuade ourselves to subscribe to the saddling of penalty imposed on the assessee u/s. 271A of the Act, vacate the same. Decided in favour of assessee.
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