Section 271AAA Penalty Applies to Undisclosed Income in Year Search Begins, Not When It Concludes.

Section 271AAA Penalty Applies to Undisclosed Income in Year Search Begins, Not When It Concludes. https://www.taxtmi.com/highlights?id=44163 Penalty u/s. 271AAA - undisclosed income of the ‘specified previous year’ - the year in which search is conducted has also to be seen as the year in which the search is initiated and not the year in which it is concluded. en-us Tue, 29 Jan 2019 16:59:34 +0530 Tue, 29 Jan 2019 16:59:34 +0530 TaxTMI RSS Generator Section 271AAA Penalty Applies to Undisclosed Income in Year Search Begins, Not When It Concludes. https://www.taxtmi.com/highlights?id=44163 Penalty u/s. 271AAA - undisclosed income of the ‘specified previous year’ - the year in which search is conducted has also to be seen as the year in which the search is initiated and not the year in which it is concluded. Highlights Income Tax Tue, 29 Jan 2019 16:59:34 +0530 https://www.taxtmi.com/highlights?id=44163