Case Law Details
Case Name : Shanthilal D Jain Vs DCIT (ITAT Chennai)
Related Assessment Year : 2007-08
Courts :
All ITAT ITAT Chennai
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Shanthilal D Jain Vs DCIT (ITAT Chennai)
ITAT Chennai held in the case of Shanthilal D Jain Vs DCIT that Penalty under Section 271B for failure to get account audited not leviable when books of accounts are not maintained.
Facts- ld.CIT-DR relied on the order of CIT(A) and stated that the assessee has not maintained any books of account and the alleged books of account as referred by assessee before AO as well as before CIT(A) is only a hard disk which was seized, but this
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