Penalties under Income Tax Act Sections 271(1)(c) and 271AAB not applicable if return filing due date not expired.

Penalties under Income Tax Act Sections 271(1)(c) and 271AAB not applicable if return filing due date not expired. https://www.taxtmi.com/highlights?id=41557 Levy of penalty u/s 271(1)(c) or u/s 271AAB - assessment u/s 153A - the deeming provisions of Explanation 5A cannot be applied because at the time of search for the relevant previous year under appeal, the due date of filing of the return of income had not expired. en-us Fri, 21 Sep 2018 15:18:42 +0530 Fri, 21 Sep 2018 15:18:42 +0530 TaxTMI RSS Generator Penalties under Income Tax Act Sections 271(1)(c) and 271AAB not applicable if return filing due date not expired. https://www.taxtmi.com/highlights?id=41557 Levy of penalty u/s 271(1)(c) or u/s 271AAB - assessment u/s 153A - the deeming provisions of Explanation 5A cannot be applied because at the time of search for the relevant previous year under appeal, the due date of filing of the return of income had not expired. Highlights Income Tax Fri, 21 Sep 2018 15:18:42 +0530 https://www.taxtmi.com/highlights?id=41557