Penalty under section 271AAC applies as a proportion of tax payable under section 115BBE for specified cases. Penalty under section 271AAC is imposed as ten percent of the tax payable under section 115BBE, stating the applicable sanction in relation to the specified tax liability under the Income Tax Act.
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 271AAC applies as a proportion of tax payable under section 115BBE for specified cases.
Penalty under section 271AAC is imposed as ten percent of the tax payable under section 115BBE, stating the applicable sanction in relation to the specified tax liability under the Income Tax Act.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.