FKCCI urges Centre either to remove or provide clarification on the newly introduced Clause 44 in Form No 3CD
Federation of Karnataka Commerce and Industries (FKCCI) in a letter addressed to Smt. Nirmala Sitaraman, Union Minister for Finance and Corporate...
![No Penalty If Non-Furnishing Tax Audit Report was due to Bona fide reasons: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/10/Tax-Audit-Reports-CBDT-Taxscan.jpg "No Penalty If Non-Furnishing Tax Audit Report was due to Bona fide reasons: ITAT [Read Order]")
Once Penalty Levied for Non-Maintenance of Book of Accounts, no further default for not getting Audited u/s 44AB: ITAT deletes Penalty u/s 271B
The Jaipur Bench of Income Tax Appellate Tribunal (ITAT) has deleted penalty under Section under Section 271 of the Income Tax Act 1961 holding that once penalty is levied for non-maintenance of...
Penalty under Section 271B can’t be levied for Failure to get Accounts Audited under Section 44AB: ITAT [Read Order]
In Roshini Devi vs. Income Tax Officer, the Jaipur Bench of the Income Tax Appellate Tribunal ( ITAT ) held that penalty under Section 271B of the Income Tax Act, 1961 cannot be levied for non-audit...
![Penalty under Section 271B can’t be levied for Failure to get Accounts Audited under Section 44AB: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "Penalty under Section 271B can’t be levied for Failure to get Accounts Audited under Section 44AB: ITAT [Read Order]")
ITAT Deletes Penalty since Delay in filing Audit Report was due to Dispute with Auditor [Read Order]
Kolkata bench of Income Tax Appellate Tribunal (ITAT) deleted the penalty imposed by the Assessing Officer (AO) on ground that the delay in the submission of audit report was due to dispute with the...
![ITAT Deletes Penalty since Delay in filing Audit Report was due to Dispute with Auditor [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Audit-Report-Taxscan.jpg "ITAT Deletes Penalty since Delay in filing Audit Report was due to Dispute with Auditor [Read Order]")
It is Assessees’ Duty to ensure that Audited Books are submitted on time and that CA does his job properly: ITAT [Read Order]
Kolkata bench of Income Tax Appellate Tribunal (ITAT) recently held that it is the responsibility of the assessee to ensure that the audited books are submitted in stipulated time and that Chartered...
![It is Assessees’ Duty to ensure that Audited Books are submitted on time and that CA does his job properly: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/Penalty-TaxScan.jpg "It is Assessees’ Duty to ensure that Audited Books are submitted on time and that CA does his job properly: ITAT [Read Order]")