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Case lawITAT › Lokesh Kumar Sharma v ITO
ITATHelps taxpayerValidity unconfirmeds.271Bs.44ABs.44AAs.271A

Lokesh Kumar Sharma v ITO

I never maintained books at all. Can they penalise me under 271B for not getting them audited?

I never maintained books at all. Can they penalise me under 271B for not getting them audited?

No. Section 44AB requires a person to get 'his accounts' audited, which presupposes that accounts exist. Where the default is at the earlier stage of not maintaining books under s.44AA, the audit obligation never arises, and the penalty for that default is s.271A — not s.271B.

Decided by the ITAT (ITAT Jaipur Bench 'SMC' — Sandeep Gosain (Judicial Member), sitting alone; IT Appeal No. 278 (JP) of 2022; assessment year 2012-13) on 2023-02-15, reported as [2023] 152 taxmann.com 130 (Jaipur - Trib.); IT Appeal No. 278 (JP) of 2022 (AY 2012-13); also reported as 2023 TAXSCAN (ITAT) 564. It bears on section 271B, section 44AB, section 44AA, section 271A of the Income Tax Act 1961, in Presumptive Taxation & Audit and Penalty matters.

Validity check could not be completed. No later decision applying, following or affirming this order was found. The order was read in a subscription case-law database and carries no citator entry recording later treatment of it. What continues to be followed is the line it applies: CIT v. Bisauli Tractors [2007] 165 Taxman 1 / [2008] 299 ITR 219 (All.) and Surajmal Parsuram Todi v. CIT [1996] 222 ITR 691 (Gauhati), on which later Tribunal decisions have deleted section 271B penalties where no books were maintained. That is support for the proposition, not later treatment of this order. Caution: the defence is not absolute, and a section 271A penalty for non-maintenance can still be sustained on the same facts. Judgment, paras 6.1 and 7.

Why it matters

It answers the familiar order in which the officer records that no books or vouchers were maintained or produced and then levies s.271B on that very finding. Two distinct defaults carry two distinct penalties and the same fact cannot attract both. Note the limits: it does not protect against a s.271A penalty for non-maintenance, and it does not help where books were maintained and turnover crossed the audit threshold.

Binding on the AO and CIT(A) within the Tribunal's jurisdiction. Persuasive elsewhere.

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