Commission Agent not obliged to get Account Audited, Penalty u/s 271 B not leviable: ITAT [Read Order]

Commission Agent - Account Audited - Audit - Penalty - ITAT - Taxscan

The Pune bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the commission agent is not obliged to get the account audited and the penalty under section 271 B of the Income Tax Act,1961 is not leviable. Bablu Kumar Harinarayan Gupta, the assessee challenged the separate orders of Commissioner of Income…

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