Every audit objection can’t lead to invocation of extended period, and levy penalty
ST : Every shortcoming noticed during Audit cannot be held as due to mala fide intention on part of assessee so as to invoke extended period of limitation and levy penalty
Source: http://www.taxmann.com/topstories/101010000000084918/every-audit-objection-can%E2%80%99t-lead-to-invocation-of-extended-period-and-levy-penalty.aspx