2 results for “penalty u/s 271”+ Section 80Jclear
Sorted by relevance
Bench: S/Shri Chandra Poojari, Am & George George K., Jm
271 B of the Act. However, according to the CIT(A), levy of such penalty is subject to provisions of section 273B of Income Tax Act, 1961. As per the provisions of section 273B, it is for the assessee to prove that there was reasonable cause for failure to get the accounts audited as required under section 44A8