Penalty in Search u/s 271AAB of Income Tax Act
Penalty in Search u/s 271AAB of Income Tax Act Penalty where search has been initiated. Section 271AAB of the Act provides that in case of any assessee, where search is initiated on or after 1-7-2012, in respect of the undisclosed income of the specified years, the penalty would be payable at different rates depending on… Read More »