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![Penalty u/s 271B of Income Tax Act cannot be Imposed for Not Getting Books of Accounts Audited for Violation of S. 44AB: ITAT [Read Order] Penalty u/s 271B of Income Tax Act cannot be Imposed for Not Getting Books of Accounts Audited for Violation of S. 44AB: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Penalty-Income-Tax-Act-Income-Tax-Books-of-Accounts-Audit-ITAT-Taxscan.jpg)
Penalty u/s 271B of Income Tax Act cannot be Imposed for Not Getting Books of Accounts Audited for Violation of S. 44AB: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Jaipur Bench, has recently, in an appeal filed before it, held that penalty u/s 271B of Income Tax Act...




![Application of GAAR Provisions cannot take away Tax Benefits under DTAA: ITAT [Read Order] Application of GAAR Provisions cannot take away Tax Benefits under DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Application-of-GAAR-GAAR-Tax-Benefits-DTAA-ITAT-Taxscan.jpg)
![Notice Issued u/s 271(1)(c) of Income Tax Act is Omnibus: ITAT deletes Penalty Proceedings [Read Order] Notice Issued u/s 271(1)(c) of Income Tax Act is Omnibus: ITAT deletes Penalty Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Notice-Income-Tax-Act-Income-Tax-Tax-ITAT-Penalty-Taxscan.jpg)
![Income Tax proceedings Against Dead Person Invalid: ITAT directs Re-Adjudication as AO was Not Aware of Death of Assessee [Read Order] Income Tax proceedings Against Dead Person Invalid: ITAT directs Re-Adjudication as AO was Not Aware of Death of Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Income-Tax-proceedings-Income-Tax-Tax-ITAT-Re-Adjudication-Aware-of-Death-Taxscan.jpg)
![Mere Mistake in Declaring Fund Transfer between Proprietorship Business and Proprietor does not Warrant Addition: ITAT [Read Order] Mere Mistake in Declaring Fund Transfer between Proprietorship Business and Proprietor does not Warrant Addition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Fund-Transfer-Business-Warrant-ITAT-Income-Tax-Taxscan.jpg)
![Remuneration to Guest Faculties Not “Salary”, No TDS: ITAT deletes Order Against Educational Institution [Read Order] Remuneration to Guest Faculties Not “Salary”, No TDS: ITAT deletes Order Against Educational Institution [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Educational-Institution-Salary-TDS-ITAT-Income-Tax-Tax-Taxscan.jpg)
![No Reasonable Cause for Delay in filing Appeal: ITAT Refuses to Condone Huge Delay of 3047 based on Vague Reasons [Read Order] No Reasonable Cause for Delay in filing Appeal: ITAT Refuses to Condone Huge Delay of 3047 based on Vague Reasons [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Reasonable-Cause-filing-Appeal-Appeal-ITAT-Huge-Delay-Taxscan.jpg)
![AO failed to Produce Evidence for Cash Sales: ITAT deletes Addition [Read Order] AO failed to Produce Evidence for Cash Sales: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Evidence-Cash-Sales-ITAT-taxscan.jpg)
![Assessee failed to Explain Cash found during Search: ITAT Upholds Addition [Read Order] Assessee failed to Explain Cash found during Search: ITAT Upholds Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Assessee-Explain-Cash-found-during-Search-ITAT-Addition-Taxscan.jpg)
![Mere Possession of Bank Passbook not to be treated as Books of Accounts: ITAT [Read Order] Mere Possession of Bank Passbook not to be treated as Books of Accounts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/possession-of-bank-passbook-bank-passbook-ITAT-Books-of-Accounts-Income-Tax-Taxscan.jpg)
![Death of Assessee during Income Tax Assessment Proceedings: ITAT directs Re-Adjudication [Read Order] Death of Assessee during Income Tax Assessment Proceedings: ITAT directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Income-Tax-Assessment-Income-Tax-Assessment-ITAT-Re-Adjudication-Taxscan.jpg)