Penalty Waived for Assessee as Section 271AAA Immunity Mirrors Clause (2) of Explanation 5, Section 271(1)(c).

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....Penalty u/s 271AAA in case of search – Provisions of clause (2) of explanation 5 appended to section 271(1)(c) are similar to immunity granted to assessee under clause (2) of section 271AAA - penalty waived - AT....