audits that could be
accepted by a Chartered Accountant, under Section
44AB of the 1961 Act, in a Financial Year by way of a
Guideline ... that a Chartered
Accountant can accept in a financial year under Section 44AB
of the Income Tax Act, 1961 (hereinafter referred
breach of the
provisions of Section 44AB of the I.T. Act, however, they did not file the
audit report as mandated under the said ... alleged breach of the procedure contemplated under Section 44AB of the
I.T. Act.
3. In the penalty proceedings that ensued, the
appellants/assessees were
breach of the
provisions of Section 44AB of the I.T. Act, however, they did not file the
audit report as mandated under the said ... alleged breach of the procedure contemplated under Section 44AB of the
I.T. Act.
3. In the penalty proceedings that ensued, the
appellants/assessees were
breach of the
provisions of Section 44AB of the I.T. Act, however, they did not file the
audit report as mandated under the said ... alleged breach of the procedure contemplated under Section 44AB of the
I.T. Act.
3. In the penalty proceedings that ensued, the
appellants/assessees were
breach of the
provisions of Section 44AB of the I.T. Act, however, they did not file the
audit report as mandated under the said ... alleged breach of the procedure contemplated under Section 44AB of the
I.T. Act.
3. In the penalty proceedings that ensued, the
appellants/assessees were
breach of the
provisions of Section 44AB of the I.T. Act, however, they did not file the
audit report as mandated under the said ... alleged breach of the procedure contemplated under Section 44AB of the
I.T. Act.
3. In the penalty proceedings that ensued, the
appellants/assessees were
enacted. While Section 271B provides for
consequence of non-compliance of
Section 44AB , Section 273B provides
defence or way by which the assessee
can seek ... 31st of October of the
relevant assessment year as required
under Section 44AB and the accounts are
audited thereafter or not audited by the
assessee
that
the assessee is liable to get her books audited u/s. 44AB of the Act.
However, as the assessee has failed to get accounts ... audited u/s.
44AB of the Act, penalty proceedings u/s. 271B of the Act was
initiated. In response, the assessee submitted her reply stating
appellant in default for fails to get his accounts audited u/s 44AB of the
Income Tax Act.
That the assessee doesn't maintain ... year or furnish a report of such audit as
required under section 44AB , the Assessing Officer may direct that such
person shall
initiated for failure to get his books of accounts audited u/s.44AB of the
Act, and the AO levied penalty ... Bright Singh Chelladurai
:: 3 ::
accounts as per provisions of Sec.44AB of the Act. The AO firstly levied
penalty u/s.271A
