There is one judgement of the Aurangabad Bench on the issue raised as to whether the provision applies to individual or to business. I give below the judgement.
HIGH COURT OF BOMBAY, AURANGABAD BENCH
State of Maharashtra
S.J. VAZIFDAR AND P.R. BORKAR, JJ.
W.P. NO. 4368 OF 2006
APRIL 30, 2007
Section 44AB of the Income-tax Act, 1961 - Tax Audit - Whether in case of an individual carrying on business as a sole proprietor, it is necessary to comply with provisions of section 44AB only in respect of his business income and not in respect of his other income - Held, yes