Dismissing the appeal the Court held that no penalty under section 271AAB could be imposed when search was not conducted. No substantial question of law. (AY. 2016-17)
PCIT v. Silemankhan and Mahaboobkhan (2021) 437 ITR 260 / 282 Taxman 403 / 206 DTR 469/ 323 CTR 112(AP)(HC)
S. 271AAB : Penalty-Search initiated on or after Ist day of July 2012-Search not conducted, penalty cannot be levied. [S. 132(4), 133A, 153C, 260A]