{"id":11195,"date":"2020-04-06T12:27:36","date_gmt":"2020-04-06T12:27:36","guid":{"rendered":"http:\/\/itatonline.org\/digest\/vishwas\/search-case-penalty-271aab\/"},"modified":"2020-04-07T14:40:46","modified_gmt":"2020-04-07T14:40:46","slug":"search-case-penalty-271aab","status":"publish","type":"vishwas","link":"https:\/\/itatonline.org\/digest\/vishwas\/search-case-penalty-271aab\/","title":{"rendered":"Search case + penalty 271AAB"},"content":{"rendered":"

Assessee in appeal before CIT(A) for quantum. Penalty imposed under 271AAB for both sub clause (a)and (c) of sub section(1) and this appeal is also pending before CIT(A).
\nThe issue in respect of penalty under clause (a) which is on surrendered income and disclosed in the return not pending in quantum appeal before CIT(A).
\nWhether under VSVS the assessee would be required to pay 125% for the settlement of quantum and penalty under clause (c) of section 271AAB(1) and 25% for penalty penalty under clause (a) of section 271AAB(1).<\/p>\n","protected":false},"excerpt":{"rendered":"

Assessee in appeal before CIT(A) for quantum. Penalty imposed under 271AAB for both sub clause (a)and (c) of sub section(1) and this appeal is also pending before CIT(A). The issue in respect of penalty under clause (a) which is on surrendered income and disclosed in the return not pending in quantum appeal before CIT(A). Whether under VSVS the assessee would be required to pay 125% for the settlement of quantum and penalty under clause (c) of section 271AAB(1) and 25% for penalty penalty under clause (a) of section 271AAB(1).<\/p>\n

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