AO imposed penalties upon assessee u\/s 271A for failure to maintain his books of account and other documents as required u\/s 44AA and u\/s 271B for failure to get his books of account audited as per provisions of sections 44AB. The assessee filed an appeal against the imposition of penalty u\/s 271B contented that the AO was divested for further saddling him with penalty u\/s 271B for getting non-existing books of accounts audited.\u00a0 Tribunal held that when the assessee had been penalised u\/s 271A of the Act then he could not have further been saddled with failure of getting such books of accounts to be audited.\u00a0 The penalty imposed of Rs. \u00a01,00,000\u00a0 u\/s 271B is quashed .\u00a0 (AY. 1993-94\u00a0 to 1995-96)<\/p>\n","protected":false},"excerpt":{"rendered":"
S.271B: Penalty- Failure to get accounts audited-Books of account not maintained \u2013 Can be penalised under section 271A and not under section 271B. [S.44AA, 44AB ,271A]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-39673","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-ajT","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39673","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=39673"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39673\/revisions"}],"predecessor-version":[{"id":44939,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39673\/revisions\/44939"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=39673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=39673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=39673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}