Penalty u/s 271B - Tax Audit - The assessee was under the ...

Income Tax

March 10, 2016

Penalty u/s 271B - Tax Audit - The assessee was under the bonafide belief that the provisions of Section 44AB of the Act were not applicable to a Club, while supplying beverages, liquor etc., to its members as it was not engaged in any business, but only a mutuality. - No penalty - HC

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Penalty u/s 271B - Tax Audit - The assessee was under the ...

Income Tax

March 10, 2016

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