Sponsored
    Follow Us:

Case Law Details

Case Name : Bangla Readymade Garments Vs ACIT (ITAT Kolkata)
Related Assessment Year : 2016-17
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

Bangla Readymade Garments Vs ACIT (ITAT Kolkata)

ITAT Kolkata held that penalty under section 271B of the Income Tax Act not leviable as turnover of the assessee is less than INR 1 Crore. Accordingly, the assessee is outside the purview of section 44AB of the Income Tax Act.

Facts- The sole grievance of the assessee is that ld. CIT(A) erred in confirming the penalty levied u/s 27 1B of the Act at Rs. 1.50 lakh for not getting the books of accounts audited.

Please become a Premium member. If you are already a Premium member, login here to access the full content.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
March 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31