https://www.taxtmi.com/caselaws?id=463455 ITAT held that penalty under s.271AAB cannot be imposed where no search under s.132 was conducted on the assessee. Because the assessment was framed under s.153C and not s.153A, the statutory precondition for s.271AAB was absent. The tribunal deleted the penalty and allowed the assessee's appeal. en-us Thu, 18 May 2023 00:00:00 +0530 Tue, 02 Sep 2025 12:44:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463455 ITAT held that penalty under s.271AAB cannot be imposed where no search under s.132 was conducted on the assessee. Because the assessment was framed under s.153C and not s.153A, the statutory precondition for s.271AAB was absent. The tribunal deleted the penalty and allowed the assessee's appeal. Case-Laws Income Tax Thu, 18 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463455