If No Books of Account then no question of audit & no penalty for not getting tax audit done

ITAT COCHIN BENCH K.V. Ramachandran versus Deputy Commissioner of Income-tax IT Appeal No. 208 (Coch.) of 2012 ASSESSMENT YEAR 2008-09 Date of Pronouncement – 28.03.2013 T.M. Sreedharanfor the Appellant. Smt. Susan George Varghese for the Respondent. ORDER N.R.S. Ganesan, Judicial Member This appeal of the taxpayer is directed against the order of the CIT(A) dated 10-04-2012 confirming the levy of penalty u/s 271B of the Act for the assessment year 2008-09. 2.Shri T.M. Sreedharan, the ld.senior counsel for the taxpayer submitted that the taxpayer is a civil contractor ma...