https://www.taxtmi.com/article/detailed?id=9255 Section 271AAD creates penal liability for false entries in, or omission of entries from, books of account and for persons who cause such entries, with penalty equal to the aggregate amount of the identified entries. The explanation limits false entries principally to forged or falsified documentary evidence and invoices issued without actual supply or from non-existent persons. The provision applies prospectively where books are maintained, is invoked during proceedings under the Act, allows concurrent penalties with other provisions, and places the burden on revenue to prove defaults and causation. en-us Wed, 10 Jun 2020 09:51:17 +0530 Wed, 10 Jun 2020 09:51:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9255 Section 271AAD creates penal liability for false entries in, or omission of entries from, books of account and for persons who cause such entries, with penalty equal to the aggregate amount of the identified entries. The explanation limits false entries principally to forged or falsified documentary evidence and invoices issued without actual supply or from non-existent persons. The provision applies prospectively where books are maintained, is invoked during proceedings under the Act, allows concurrent penalties with other provisions, and places the burden on revenue to prove defaults and causation. Articles Income Tax Wed, 10 Jun 2020 09:51:17 +0530 https://www.taxtmi.com/article/detailed?id=9255