Case Law Details
Case Name : ACIT Vs K. Satish Shetty (Karnataka High Court)
Appeal Number : ITA No. 22/2007
Date of Judgement/Order : 22/02/2008
Related Assessment Year :
Courts :
All High Courts Karnataka High Court
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RELEVANT PARAGRAPH
7. For ready reference, the relevant portion of section 44AB, which deals with audit of accounts of certain persons carrying on business or profession is reproduced herein below:-
“section 44AB : – Every person
(a) carrying on business shall, if his total sales, turnover or gross receipts, as the cast may be in business exceed or exceeds forty lakh rupees in any previous year;
(b) XX XX XX
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