No Penalty Imposed for Derivatives Trading: Assessee's Bona Fide Belief and Explanation Accepted u/ss 271B and 273B.

Penalty u/s 271B - trading in derivatives transaction - whether the assessee is not liable to get the books of accounts audited u/s 44AB? - bonafide belief - assessee has sufficiently explained the circumstances, as per the provisions of section 273B - No penalty .....

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