Applicability of section 271aab

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 September 2015 Dear experts,
during the assessment if AO has found any undisclosed income then weather penalty u/s 271AAB will attract or not....


regard
Ankit Tyagi

29 September 2015 271AAB : Penalty where search has been initiated.
The Assessing Officer may do so if the search has been initiated.


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