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Income Tax - Highlights / Catch Notes

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Penalty u/s 271B - not getting account u/s 44AB - The ...

Income Tax

Penalty u/s 271B - not getting account u/s 44AB - The action of the AO in treating the unaccounted turnover as part of total turnover and holding the assessee liable for paying penalty u/s 271B of the Act for not getting books of account audited, is not sustainable.

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