Penalty Under Income Tax Act Section 271AA Confirmed, Differentiated from Sections 271(1)(c) and 271AAA in Scope and Operation.
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....Levy of penalty u/s. 271AA - The two sections, i.e., s. 271(1)( c) and s. 271AAA, are not only worded differently, with thus different concomitant scopes, are rather mandated to operate exclusively (refer section 271AAA(3)) - penalty confirmed - AT....
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