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Case Law Details

Case Name : ACIT Vs K. Satish Shetty (Karnataka High Court)
Related Assessment Year :
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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 an

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