https://www.taxtmi.com/acts?id=40542 Sub-sections (1) and (1A) of section 271AAB are amended to permit the Commissioner (Appeals), alongside the Assessing Officer, to levy penalties in search-initiated cases, effective 1 April 2022. The Explanation is revised to make reassessment notices also fall within its scope where the search was initiated on or after 1 April 2021, with that substitution deemed effective from 1 April 2021. en-us Tue, 01 Feb 2022 16:04:17 +0530 Tue, 01 Feb 2022 16:04:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40542 Sub-sections (1) and (1A) of section 271AAB are amended to permit the Commissioner (Appeals), alongside the Assessing Officer, to levy penalties in search-initiated cases, effective 1 April 2022. The Explanation is revised to make reassessment notices also fall within its scope where the search was initiated on or after 1 April 2021, with that substitution deemed effective from 1 April 2021. Act-Rules Bills Tue, 01 Feb 2022 16:04:17 +0530 https://www.taxtmi.com/acts?id=40542