No Penalty Imposed as AO Fails to Meet Conditions u/s 271AAA for Undisclosed Income Addition.

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....Penalty u/s 271AAA - Addition being 10% of the undisclosed income - There remains no ambiguity to the fact that the AO has not brought anything on record including the statement recorded under section 132(4) of the Act suggesting that the conditions as specified under section 271AAA of the Act has not been satisfied - No penalty - AT....