petitioners in these writ petitions have challenged the constitutional validity of s. 44AB of the I.T. Act of 1961 (Central ... Central Act No. 11F of 1984) has, inter alia, incorporated s. 44AB to the Act and the same has come into force from April
Income-tax Appellate Tribunal holding
that the provisions of Section 44AB of
the income Tax Act, are applicable to
the appellant Club, which ... appellant had failed to obtain the audit report
under Section 44AB of the Act, for which proceedings under
Section 271B of the Act were initiated
Singhal, J.
1. The validity of the provisions of Sections 271B , 44AB , 139(1) of the Income-tax Act, 1961, have been assailed in these ... accounts are to be audited constitute one group and liability under Section 44AB have been cast where sales, turnover or bills, receipts exceeds rupees
ORDER
V.K. SWHAL, J:
Validity of the provisions of ss. 271B, 44AB and s. 139(1) of the IT Act, 1961 have been assailed ... accounts are to be audited constitute one group and liability under s. 44AB have been casted where sales, turnover or bills, receipts exceeds rupees
liable for audit u/s 44AB
of the Act. In the letter furnished by the assessee
before the AO, the assessee has claimed that ... liable for getting his accounts audited u/s.
44AB of the Act in the immediately preceding
financial year.
7
12. In view of the discussion
regular books of
accounts which are subjected to audit under section
6
44AB. It was also held that since the assessee had
discharged his initial ... accounts and also stock register which are
duly audited under section 44AB of the Income Tax Act
and concluded that differential gross profit
exigible for the belated audit reports under Section 44AB of the Act inspite of the fact that the audit reports were obtained and enclosed along ... year or (furnish a report of such audit as required under Section 44AB ), the (Assessing) Officer may direct that such person shall
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