<s>[INST] When penalty under Section 271AAD may be imposed? [/INST] ​​​Penalty under Section 271AAD may be imposed if, during any proceedings under this Act, it is found that in the books of account maintained by any person there is:

​A false entry in the books of accounts; or
An omission of any entry, which is relevant for computation of total income, to evade tax liability.​ </s>