Penalty in respect of certain income
Section 271AAC of the Income-tax Act, 1961 deals with penalty in respect of certain income. The Assessing Officer or the Joint Commissioner (Appeals) or the Commissioner (Appeals) may, notwithstanding anything contained in this Act other than the provisions of section 271AAB, direct that, in a case where the income determined includes any income referred to in section 68, section 69, secti The Act came into force on 01 Apr 1962. Repealed by the Income-tax Act, 2025 with effect from 1 April 2026, but conduct before that date is still charged, tried and appealed under it.
(1) The Assessing Officer or the Joint Commissioner (Appeals) or the Commissioner (Appeals) may, notwithstanding anything contained in this Act other than the provisions of section 271AAB, direct that, in a case where the income determined includes any income referred to in section 68, section 69, section 69A, section 69B, section 69C or section 69D for any previous year, the assessee shall pay by way of penalty, in addition to tax payable under section 115BBE, a sum computed at the rate of ten per cent of the tax payable under clause (i) of sub-section (1) of section 115BBE:
Provided that no penalty shall be levied in respect of income referred to in section 68, section 69, section 69A, section 69B, section 69C or section 69D to the extent such income has been included by the assessee in the return of income furnished under section 139 and the tax in accordance with the provisions of clause (i) of sub-section (1) of section 115BBE has been paid on or before the end of the relevant previous year.
(2) No penalty under the provisions of section 270A shall be imposed upon the assessee in respect of the income referred to in sub-section (1).
(3) The provisions of sections 274 and 275 shall, as far as may be, apply in relation to the penalty referred to in this section.
Penalty for false entry, etc., in books of account.
Section 271AAC, The Income-tax Act, 1961 (Act 43 of 1961).
Now in the Income-tax Act
INCOME-TAX-ACT-2025 443 Official correspondence
Measured by comparing the text of the two provisions, not taken from an official correspondence table — there is no machine-readable one. See both texts side by side before relying on it.
Both regimes are live. The repealed enactment still governs what happened while it was in force. We never redirect one to the other.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
This section refers to
- s. 68 Cash credits
- s. 69 Unexplained investments
- s. 69A Unexplained money, etc
- s. 69B Amount of investments, etc., not fully disclosed in books of account
- s. 69C Unexplained expenditure, etc
- s. 69D Amount borrowed or repaid on hundi
- s. 115BBE Tax on income referred to in section 68 or section 69 or section 69A or section 69B or section 69C or section 69D
- s. 139 Return of income
- s. 270A Penalty for under-reporting and misreporting of income
- s. 271AAB Penalty where search has been initiated
- s. 274 Procedure
- s. 275 Bar of limitation for imposing penalties
Questions about Section 271AAC
What does Section 271AAC of the Income-tax Act deal with?
Section 271AAC of the Income-tax Act is headed "Penalty in respect of certain income". The Assessing Officer or the Joint Commissioner (Appeals) or the Commissioner (Appeals) may, notwithstanding anything contained in this Act other than the provisions of section 271AAB, direct that, in a case where the income determined includes any income referred to in section 68, section 69, secti
How do I find court cases under Section 271AAC of the Income-tax 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: Income Tax Act 271AAC, section 271AAC Income Tax Act, section 271AAC of the Income-tax 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 271AAC of the Income-tax Act, and has it changed?
Its own text turns on section 68 (Cash credits), section 69 (Unexplained investments), section 69A (Unexplained money, etc), section 69B (Amount of investments, etc., not fully disclosed in books of account), and on 8 further provisions, so none of them can safely be read on its own. 4 other provisions in this corpus refer back to it. For anything done on or after 1 April 2026 the provision to read is Income-tax Act, 2025, section 443 (Penalty in respect of certain income), which replaced it; conduct before that date is still charged, tried and appealed under this section.
When did Section 271AAC of the Income-tax Act come into force?
Section 271AAC of the Income-tax Act, cited as Income Tax Act 271AAC, came into force on 01 Apr 1962, having been enacted on 13 Sep 1961. It is no longer in force.
Other sections of this Act
- 10. Incomes not included in total income30885 words
- 2. Definitions11419 words
- 80HHF. Deduction in respect of profits and gains from export or transfer of film software, etc7148 words
- 80-IB. Deduction in respect of profits and gains from certain industrial undertakings other than infrastructure development undertakings5474 words
- 155. Other amendments5451 words
- 139. Return of income5400 words
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. Recovered from the consolidated text published by the Income Tax Department, as amended by the Finance Act, 2026. India Code holds no record of this Act in any form. This page is not a substitute for legal advice.