Penalty u/s 271B - non-compliance of getting accounts audited ...

Income Tax

August 16, 2023

Penalty u/s 271B - non-compliance of getting accounts audited u/s. 44AB - Ostensibly, the assessee was under bona fide belief that the advance are not turnover, which was a right contention, according to project completion method of accounting. No deliberate act or defiance of law or guilty conduct was observed - No penalty - AT

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Penalty u/s 271B - non-compliance of getting accounts audited ...

Income Tax

August 16, 2023

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