Tag Archives: section 271AAB

Amendment of section 271AAB of Income tax Act

Finance Bill 2016 Amendment of section 271AAB Existing provision of clause (c) of sub-section (1) of section 271AAB provides that in a case not covered under the provisions of clauses (a) and (b) of the said sub-section of section 271 AAB, a penalty of a sum which shall not be less than thirty per cent but which… Read More »