GREAT NEWS ( SEC 44AA & 44AB )!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

“ GREATTT  RELIEF BY HIGH COURT ( SEC. 271B ) !!!!!!!!!!!!!!!!!!!!!!!!!!!! “

“ GAUHATI HC  TAKES ON COMMISSIONER OF INCOME TAX  ONCE

AGAIN “.

GAUHATI HC :  WHEN A PENALTY IMPOSED SEC. 271A FOR VIOLATION

U/S 44AA, THEN THE OFFENCE IS COMPLETE & AFTER THAT , THERE IS

NO QUESTION OF IMPOSITION OF PENALTY SEC. 271B FOR VIOLATION

U/S 44AB “.

In  Surajmal Parsuram  Todi V/S  C.I.T ( Gauhati HC )

JUDGEMENT :

Where books of a/c have not been maintained ,, there cannot be a question of getting them Audited . The Gauhatu HC held , when an assessee commits an offence for non – maintenance of books of a/c U/S 44AA , then the offence is complete ,, after that , there is no possibility of any further offence for violation u/s  44AB.

Thanks.

PALASH RAKSHIT.