No Penalty for Non-Audit under Section 271B without Bookkeeping Requirement

Taranjeet Singh Alagh Vs ITO (ITAT Delhi)

In the case of Taranjeet Singh Alagh vs ITO (ITAT Delhi), a significant decision was made regarding the implications of non-maintenance of books of accounts on account audits. The case became pivotal in understanding and interpreting the penalties under section 271B of the Income Tax Act. This article offers a detailed analysis of the case and its impact.

The Income Tax Appellate Tribunal (ITAT) Delhi, in the case, provided an important clarificati

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