Penalty Under Section 271B Deleted as State-Funded University Exempt Under Section 10(23C)(iiiab) Needs No Tax Audit
Penalty Under Section 271B Deleted as State-Funded University Exempt Under Section 10(23C)(iiiab) Needs No Tax Audit Issue Whether penalty under Section 271B can be levied on a State-funded university for failure to get its accounts audited under Section 44AB when its entire income is exempt under Section 10(23C)(iiiab). Facts Entity Status: The assessee is a… Read More »