TaxTMI 
TaxTMI 
Respected sir/madam,
i want to know that penalty under section 271AAA is in act or deleted this section from the act.
please replying my query.
Thanking you.
section 271AAA
07 Apr 2016 
1 Reply 
1127 Views Asked by
Penalty on undisclosed income under section 271AAA remains in force, confirming its applicability to tax assessments.
The enquiry concerns whether section 271AAA - a statutory penalty for undisclosed income - remains part of the Income Tax law. The operative response affirms that the provision imposes a penalty on undisclosed income and is currently in force, indicating the continued applicability of that penalty mechanism. (AI Summary)
The enquiry concerns whether section 271AAA - a statutory penalty for undisclosed income - remains part of the Income Tax law. The operative response affirms that the provision imposes a penalty on undisclosed income and is currently in force, indicating the continued applicability of that penalty mechanism. (AI Summary)
