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Section 271AAB(1A) applies to searches initiated on or after which date?

A1 June 2007
B1 July 2012
C15 December 2016
D1 April 2017
Answer & Solution
Correct answer: C. 15 December 2016
Searches begun on or after 15 December 2016 fall under 271AAB(1A), with 30 or 60 percent penalty rates.
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