Section 271AAB Penalty Provisions Not Applicable for Searches Initiated After 1st Sept 2024

Last updated: 01 February 2025

Non-applicability of Section 271AAB of the Act The existing provisions of sub-section (1A) of section 271AAB of the Act relates to penalty in respect of searches initiated after 15.12.2016. 2. Vide Finance Act, 2024, provisions of 'Block Assessment' (Chapter XIV-B) were introduced for searches in
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