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Audit u/s. 44AB

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(Querist)
06 October 2010 Mr. X was liable to Tax Audit u/s. 44AB in a particular A.Y. But he faild to got his accounts audited in time and hence he has to pay penalty accordingly. Now, at the time of scrutiny assessment can assessing officer insisted upon to get the accounts audited though assessee has pay the penalty for non fulfilment of audit requirement?
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
06 October 2010 The penalty was paid for non-fulfilment of time bound liability.

But in my opinion, by paying the penalty, the liability of tax audit does not gets absolved, hence the AO has every right to ask for the same.
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
06 October 2010 This is my opinion.

Other views are welcome.... hence kept open....
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CMA. Dinesh S Adhikari, ACMA

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CMA. Dinesh S Adhikari, ACMA (Expert)
06 October 2010 Agreed with CMA Subhash...

Regards!!!
Dinesh S. Adhikari
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Manikanta Raju CA,CWA,(CS)

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Manikanta Raju CA,CWA,(CS) (Expert)
11 October 2010 Penalty is for dealy but not to forgive
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