Penalty u/s 271AAA Blocks Further Penalties u/s 271(1)(c) for Same Income Disclosure.

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....Once the Assessing Officer has taken the step of initiating penalty under section 271AAA of the Act in respect of additional income offered consequent to search, then the Assessing Officer or any of the authorities below are precluded by provisions of the Act itself to initiate any action for levy of penalty under section 271(1)(c) of the Act. - AT....