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<h1>Penalty Imposed Under Section 271AAC for Unreported Income in Sections 68-69D; Tax Compliance Crucial</h1> Penalty under Section 271AAC of the Income Tax Act may be imposed if the income determined by the Assessing Officer includes income mentioned in sections 68, 69, 69A, 69B, 69C, or 69D for any previous year. This penalty applies if the assessee has not included such income in their return or has not paid tax as per section 115BBE.