Penalty under Section 271AAA is applied where a search initiated before 1 7 2012 uncovers undisclosed income. Penalty provision under the Income Tax Act applies where a search yields undisclosed income and the search had been initiated prior to the statutory cut ... Summary
Penalty under Section 271AAA is applied where a search initiated before 1 7 2012 uncovers undisclosed income.
Penalty provision under the Income Tax Act applies where a search yields undisclosed income and the search had been initiated prior to the statutory cut off date, triggering liability under the penalty provision when undisclosed income is found.
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