3 results for “penalty u/s 271”+ Section 139(5)clear
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Bench: HON'BLE MR. JUSTICE DIPANKAR DATTA
271-AAA of the Act reads as follows: “The assessing Officer may, notwithstanding anything contained in any other provisions of this Act, direct that, in a case where search has been initiated under section 132 on or after the 1st day of June, 2007 [but before the 1st day of July, 2012], the assessee shall pay by way of penalty