https://www.taxtmi.com/forum/issue?id=110162 The enquiry concerns whether section 271AAA - a statutory penalty for undisclosed income - remains part of the Income Tax law. The operative response affirms that the provision imposes a penalty on undisclosed income and is currently in force, indicating the continued applicability of that penalty mechanism. en-us Thu, 07 Apr 2016 23:50:46 +0530 Thu, 23 Jan 2025 15:56:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110162 The enquiry concerns whether section 271AAA - a statutory penalty for undisclosed income - remains part of the Income Tax law. The operative response affirms that the provision imposes a penalty on undisclosed income and is currently in force, indicating the continued applicability of that penalty mechanism. Discussion-Forum Income Tax Thu, 07 Apr 2016 23:50:46 +0530 https://www.taxtmi.com/forum/issue?id=110162