Failure to furnish Audit Report of Accounts Audited by Cooperative Department Auditor within specified date u/s 44AB of the Income Tax Act: ITAT Upholds Penalty

By Aparna. M - On June 28, 2023 10:00 am - 2 mins read

ITAT -Failure -Audit Report- Accounts -Cooperative Department -Auditor-income tax-taxscan

The Cochin Bench of Income Tax Appellate Tribunal (ITAT) has held that the Co-operative department auditor failed to furnish audit report of account within the specified date under section 44AB of Income Tax Act, 1961 The assessee, Paravur Service Cooperative Bank Ltd is a Co-operative Society registered under the Kerala Cooperative Societies Act, 1969. The…

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