Penalty Under Income Tax Act Section 271AA Confirmed, Differentiated from Sections 271(1)(c) and 271AAA in Scope and Operation.

Penalty Under Income Tax Act Section 271AA Confirmed, Differentiated from Sections 271(1)(c) and 271AAA in Scope and Operation. https://www.taxtmi.com/highlights?id=22311 Levy of penalty u/s. 271AA - The two sections, i.e., s. 271(1)( c) and s. 271AAA, are not only worded differently, with thus different concomitant scopes, are rather mandated to operate exclusively (refer section 271AAA(3)) - penalty confirmed - AT en-us Tue, 31 Mar 2015 20:04:48 +0530 Tue, 31 Mar 2015 20:04:48 +0530 TaxTMI RSS Generator Penalty Under Income Tax Act Section 271AA Confirmed, Differentiated from Sections 271(1)(c) and 271AAA in Scope and Operation. https://www.taxtmi.com/highlights?id=22311 Levy of penalty u/s. 271AA - The two sections, i.e., s. 271(1)( c) and s. 271AAA, are not only worded differently, with thus different concomitant scopes, are rather mandated to operate exclusively (refer section 271AAA(3)) - penalty confirmed - AT Highlights Income Tax Tue, 31 Mar 2015 20:04:48 +0530 https://www.taxtmi.com/highlights?id=22311