320 ITR

Sec. 44AB, Section 271, Section 271B

Madras H.C : Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in holding that no penalty is imposable under s. 271B for non-compliance with the provisions of s. 44AB on the ground that the returns were filed belatedly neither under s. 139 nor on a notice under s. 142 of the Act ?

High Court Of Madras CIT vs. Apex Laboratories (P) Ltd. Section 44AB, 271B Asst. Year 1994-95 K. Raviraja Pandian &

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