Penalty – For failure to get accounts audited under the Income Tax Act, 1961

High Court of Allahabad Commissioner of Income-tax, Bareilly v. Bisauli Tractors ORDER R.K. Agrawal, J. 1. The Income Tax Appellate Tribunal, Delhi has referred the following question of law under Section 256(1) of the Income-tax, Act, 1961 (hereinafter referred to as ‘the Act’) for opinion of this Court. Whether the Income Tax Appellant Tribunal was justified in holding that question does not arise of getting the account audited as the assessee was not maintaining any books of account ignoring the fact that Section 44AB is a separate and mandatory provision and has no inter-link...