Penalty provision under s.271AAB now subject to orders by Commissioner (Appeals) and covers assessments under s.148 or s.153A. The amendment expressly permits the Commissioner (Appeals) to impose penalties under section 271AAB alongside the Assessing Officer by modifying sub sections (1) and (1A); it also substitutes the Explanation's reference to assessments under section 153A with a broader formulation covering assessments arising from reopening or search-related provisions, the substitution being deemed effective from 1 April 2021.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Penalty provision under s.271AAB now subject to orders by Commissioner (Appeals) and covers assessments under s.148 or s.153A.
The amendment expressly permits the Commissioner (Appeals) to impose penalties under section 271AAB alongside the Assessing Officer by modifying sub sections (1) and (1A); it also substitutes the Explanation's reference to assessments under section 153A with a broader formulation covering assessments arising from reopening or search-related provisions, the substitution being deemed effective from 1 April 2021.
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