date for furnishing the return of
income under sub-section (1) of section 139 .
271B. [ Failure to get accounts audited. [Inserted ... section (1)
of section 272-BBB or] [Substituted by Act 21 of 2006, Section 55 , for " sub-section (1) of
section
penalty under that section. Section 273B provides that, no
penalty shall be imposed for any failure referred to in section 271B, if the assessee
proves ... reasonable cause', coming
within the purview of section 273B, the imposition of penalty under section 271B
cannot be interfered with.
10. Lastly, learned counsel
penalty under that section.
Section 273B provides that, no penalty shall be imposed for any failure
referred to in section 271B, if the assessee proves ... reasonable cause', coming within the purview of section 273B, the
imposition of penalty under section 271B cannot be interfered with.
10. Lastly, learned counsel
provisions of Section 270 , Clause (a) or Clause (b) of Sub-section (1) of Section 271 , Section 271A , Section 271B ... section (2) of Section 272A , Sub-section (1) of Section 272AA , Sub-section (1) of Section 272B or Clause (b) of Sub-section
accounts audited u/s. 44AB of the Act, the Assessing Officer after
rejecting the explanation of the assessee levied penalty u/s. 271B ... time under the section 44AB of the Act
and therefore, confirmed the penalty levied by the Assessing Officer under
section 271B
about further report. The Ld. AR submitted that penalty
u/s Section 271B is applicable for (1) failure to get accounts audited; or (2) failure ... scope of Section 27IB cannot be expanded for
non-compliance of Section 44AB . It was submitted that penalty u/s 271B cannot
be imposed
under Section 44AB is not the denial of the concession provided under Sub-section (5) of Section 44AF , but penalty under Section 271B ... incorporated in Sub-section (5) of Section 44AF ] it may be liable to levy of penalty as mentioned in Section 271B
receipts for the purposes of section 44AB , as a matter of fact, no penalty was levied under section 271B . According to Shri Kuruvilla, the Commissioner ... receipt of the business for the purpose of section 44AB . Though a notice under section 271B had been issued by the assessing officer, it appears
whether the CIT(A) is justified in
confirming the penalty imposed u/s. 271B of the I.T. Act amounting ... same, the assessee was show caused as to why penalty u/s. 271B
of the I.T. Act ought not to be imposed for both
date for
furnishing the return of income under sub-section (1) of section 139 .
271B. [ Failure to get accounts audited. [Inserted ... section (1) of section 272-BBB
or] [Substituted by Act 21 of 2006, Section 55 , for " sub-section (1) of section
