Penalty u/s 271AAB Inapplicable Without Search u/s 132 or Notice Response u/s 156C.

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....Penalty imposed u/s 271AAB - In the light of the settled proposition of law that Section 271AAB of the Act cannot be invoked to impose penalty when search has not been conducted under Section 132 of the Act against the assessee and return of income is in response to notice under Section 156C of the Act which is a consequential or incidental proceeding, - HC....