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Section100
The Finance Act, 2020

Insertion of new section 271AAD

In force As on 10 Oct 2026

Ministry Finance

Section 100 of the Finance Act, 2020 deals with insertion of new section 271AAD. Insertion of new section 271AAD. 100. After section 271AAC of the Income-tax Act, the following section shall be inserted, namely:— '271AAD.

Insertion of new section 271AAD.

100. After section 271AAC of the Income-tax Act, the following section shall be inserted, namely:—

'271AAD. Penalty for false entry, etc., in books of account.—(1) Without prejudice to any other provisions of this Act, if during any proceeding under this Act, it is found that in the books of account maintained by any person there is—

(i)a false entry; or
(ii)an omission of any entry which is relevant for computation of total income of such person, to evade tax liability,

the Assessing Officer may direct that such person shall pay by way of penalty a sum equal to the aggregate amount of such false or omitted entry.

(2) Without prejudice to the provisions of sub-section (1), the Assessing Officer may direct that any other person, who causes the person referred to in sub-section (1) in any manner to make a false entry or omits or causes to omit any entry referred to in that sub-section, shall pay by way of penalty a sum equal to the aggregate amount of such false or omitted entry.

Explanation.—For the purposes of this section, "false entry" includes use or intention to use—

(a)forged or falsified documents such as a false invoice or, in general, a false piece of documentary evidence; or
(b)invoice in respect of supply or receipt of goods or services or both issued by the person or any other person without actual supply or receipt of such goods or services or both; or
(c)invoice in respect of supply or receipt of goods or services or both to or from a person who does not exist.'.
Section 100, The Finance Act, 2020.

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. Income-tax Act s. 271AAC Penalty in respect of certain income

Questions about Section 100

What does Section 100 of the Finance Act deal with?

Section 100 of the Finance Act is headed "Insertion of new section 271AAD". Insertion of new section 271AAD. 100. After section 271AAC of the Income-tax Act, the following section shall be inserted, namely:— '271AAD.

How do I find court cases under Section 100 of the Finance Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 2020 100, section 100 Finance Act 2020, section 100 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 100 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 271AAC (Penalty in respect of certain income), so none of them can safely be read on its own.

When was the Finance Act enacted?

Finance Act was enacted in 2020. India Code records no commencement date for it. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument. This page is not a substitute for legal advice.