300% Tax Penalty Not Applicable Post-June 1, 2007, u/s 271AAA for Section 132 Actions.

300% Tax Penalty Not Applicable Post-June 1, 2007, u/s 271AAA for Section 132 Actions. https://www.taxtmi.com/highlights?id=15145 Penalty u/s 271(1)(c) - Penalty levied @ 300% - From the provisions of Section 271AAA it is clear that in the case where action U/s 132 is initiated on or after 01/06/2007, penalty cannot be levied U/s 271(1)c) of the Act. - AT en-us Thu, 17 Oct 2013 11:16:01 +0530 Thu, 17 Oct 2013 11:16:01 +0530 TaxTMI RSS Generator 300% Tax Penalty Not Applicable Post-June 1, 2007, u/s 271AAA for Section 132 Actions. https://www.taxtmi.com/highlights?id=15145 Penalty u/s 271(1)(c) - Penalty levied @ 300% - From the provisions of Section 271AAA it is clear that in the case where action U/s 132 is initiated on or after 01/06/2007, penalty cannot be levied U/s 271(1)c) of the Act. - AT Highlights Income Tax Thu, 17 Oct 2013 11:16:01 +0530 https://www.taxtmi.com/highlights?id=15145