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This is only a renumbering — Section 271B of ITA 1961 is now Section 446 of ITA 2025. The legal position is unchanged. Existing judicial precedents continue to apply. No action required beyond updating section references in filings from AY 2026-27 onwards.
Section 271B: Penalty of 0.5% of turnover or Rs. 1.5 lakh, whichever is lower, for failure to get accounts audited under Section 44AB.
Section 446: Same penalty.
Renumbered from 271B to 446. No change.
Only renumbering; substantive law unchanged. Existing judicial precedents continue to apply.