Penalty under Section 271AAB applies when a search in the specified period uncovers undisclosed income liable for assessment. Penalty under Section 271AAB(1) applies where a search initiated on or after 1-7-2012 but before 15-12-2016 results in the detection of undisclosed ... Summary
Penalty under Section 271AAB applies when a search in the specified period uncovers undisclosed income liable for assessment.
Penalty under Section 271AAB(1) applies where a search initiated on or after 1-7-2012 but before 15-12-2016 results in the detection of undisclosed income, making the taxpayer liable for penalty in addition to assessment consequences.
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