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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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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