Penalty u/s 270A vs 271AAC – What Is the Difference?
Penalty u/s 270A vs 271AAC is a common area of confusion in income-tax penalty proceedings. Though both provisions deal with penalties, they apply to different situations, operate under different conditions, and carry different consequences. Understanding the distinction is critical for both taxpayers and practitioners. What the Law Says – Penalty u/s 270A vs 271AAC They … Read more