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Bill - Highlights / Catch Notes

Home Highlights March 2016 Year 2016 This

Amendment of section 271AAB. - penalty where search has been ...

Bill

March 2, 2016

Amendment of section 271AAB. - penalty where search has been initiated. - to provide for levy of penalty on such undisclosed income at a flat rate of sixty per cent. - no penalty shall be levied under section 270A also in respect of the undisclosed income referred to in sub-section (1) of section 271AAB.

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