#Section 271B
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233 articlesIncome Tax
Income Tax
ITAT deletes Section 271B penalty imposed by AO on commission agent
Income Tax
Income Tax
ICAI guidance for calculating turnover in case of derivatives is valid
Income Tax
Income Tax
ITAT deletes penalty for Failure to get Accounts Audited due to ill health of Wife
Income Tax
Income Tax
Section 44AB: Turnover not include sales affected on behalf of principals
Income Tax
Income Tax
Section 271B penalty not justified for delay due to late appointment of Auditor by CAG
Income Tax
Income Tax
ITAT deletes penalty for delay in submission of Tax Audit as Assessee was unwell & his Accountant left without prior notice
Income Tax
Income Tax
Failure to upload Tax Audit Report due to demise of Auditor is a reasonable cause
Income Tax
Income Tax
No penalty for non-getting account audited under bona fide belief based on ICAI Guidance Note on tax audit
Income Tax
Income Tax
Section 271B penalty notice after 30 months of completion of assessment is not sustainable
Income Tax
Income Tax
Section 271B penalty not imposable for non-business income transactions
Income Tax
Income Tax
No penalty for Bonafide Non-compliance with section 44AB Tax Audit Requirement
Income Tax
Income Tax
No penalty for Delay in Tax Audit report filing due to delay in Audit by Dept. of Co-op Audit
Income Tax
Income Tax
No section 271B penalty if Assessee could not maintain books of accounts
Income Tax
Income Tax
