section 271aab

[Rajeev Khulbe]

good afternoon sir,

can you tell me about section 271aab. i means to say that in which case i will paid panelty u/s 271ab.please try to understand what i am saying.

AI Summary

Guidance on Penalties for Search Cases Under Section 271AAB of the Income Tax Act Effective from July 1, 2012. Section 271AAB pertains to penalties in search cases under the Income Tax Act. It became applicable from July 1, 2012. A query was raised about the circumstances under which a penalty would be incurred under this section. A response clarified that penalties are specifically related to search cases, providing guidance on the applicability of Section 271AAB.