55 results for “penalty u/s 271”+ Section 271(1)(b)clear
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In the result, all the captioned appeals of the assessee for A
Bench: Dr. Manish Borad, Am & Shri Sonjoy Sarma, Jm
u/s 132 of the Act. and for necessary reference Section 271 AAA of the Act is reproduced below: - “Section 271AAA in The Income Tax Act, 1961 271AAA. [ Penalty where search has been initiated. [ Inserted by Act 22 of 2007, Section 77 (w.e.f. 1.4.2007).] (1)The Assessing Officer may, notwithstanding anything contained in any other provisions of this Act, direct