Section 271AAA: No Time Limit for Tax Payment Means No Unfair Penalties for Taxpayers After Search.

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....Penalty u/s 271AAA - Immunity - Penalty where search has been initiated - Once a time limit for payment of tax and interest has not been set out by the statute, it cannot indeed be open to the Assessing Officer to read such a time limit into the scheme of the Section or to infer one. - AT....