Non-applicability of Section 271AAB of the Act

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..... XV. 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. .....

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..... to searches conducted on or after 01.09.2024. 3. Therefore, it is proposed to amend section 271AAB of the Act to provide that its provisions shall not be applicable to the assessee in whose case sea .....

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