section 271AAA

[deven kyada]

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.

[Ganeshan Kalyani]

Sir, Sec 271AAA deals with Penalty on undisclosed income. This section is in force. Thanks.

AI Summary

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.