Penalty in search cases

In cases where undisclosed income is found during search and admitted by assessee, penalty is 10% of such income. Encourages voluntary disclosure during search operations.

Key provisions

• In cases where undisclosed income is found during search and admitted by assessee, penalty is 10% of such income. Encourages voluntary disclosure during search operations.

Use via API

curl https://api.thynktax.com/v1/tax-law/sections/by-2025-ref/317

{
  "act_2025_ref": "317",
  "old_reference": "Section 271AAA, Income Tax Act 1961",
  "title": "Penalty in search cases",
  "category": "Section",
  "limit_or_rate": "-",
  "applicable_to": "-",
  "effective_from": "2026-04-01"
}