Penalty u/s 271(1)(c) for Undisclosed Income Prohibited by Section 271AAA(3) if Found in Search Proceedings.

Penalty u/s 271(1)(c) for Undisclosed Income Prohibited by Section 271AAA(3) if Found in Search Proceedings. https://www.taxtmi.com/highlights?id=59639 Initiation of penalty proceeding u/s 271(1)(c) - ndisclosed income as referred under sub-Section 1 of Section 271AAA - Impugned penalty proceeding has been initiated and culminated into imposition of penalty u/s 271(1)(c) but the same has been explicitly prohibited by the provision of sub-Section 3 of Section 271AAA particularly where undisclosed income has been found during the search proceeding. - AT en-us Sat, 11 Sep 2021 09:56:42 +0530 Sat, 11 Sep 2021 09:56:42 +0530 TaxTMI RSS Generator Penalty u/s 271(1)(c) for Undisclosed Income Prohibited by Section 271AAA(3) if Found in Search Proceedings. https://www.taxtmi.com/highlights?id=59639 Initiation of penalty proceeding u/s 271(1)(c) - ndisclosed income as referred under sub-Section 1 of Section 271AAA - Impugned penalty proceeding has been initiated and culminated into imposition of penalty u/s 271(1)(c) but the same has been explicitly prohibited by the provision of sub-Section 3 of Section 271AAA particularly where undisclosed income has been found during the search proceeding. - AT Highlights Income Tax Sat, 11 Sep 2021 09:56:42 +0530 https://www.taxtmi.com/highlights?id=59639