30 September 2008
My query is that, whether submission of audit report u/s. 44AB is mandatory for the F.Y. 2007-08? Whether any penalty u/s. 271B is leviable in following cases:-
01.Assessee has obtained audit report within & filed ITR-IV within 30/09/2008 and did not submitted Tax Audit Report.
02. Assessee who has obtained audit report within 30/09/2008 & failed to file ITR-IV within 30/09/2008 (Not submitted Audit Report). (The case is not relating to Bihar or Orissa)
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