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of <h1>Assessee Can Seek Penalty Immunity Under Section 270A by Paying Tax and Interest on Time</h1> An assessee may apply to the Assessing Officer for immunity from penalty under section 270A and proceedings under sections 276C or 276CC if the tax and interest as per the assessment order are paid within the specified period and no appeal against that order is filed. The application must be made within one month from the end of the month in which the order is received, in the prescribed form. The Assessing Officer shall grant immunity after the appeal period expires, provided penalty proceedings have not already been initiated under certain conditions. The officer must decide on the application within three months of receipt, giving the assessee an opportunity to be heard before rejecting it. The decision is final, and no appeal or revision is allowed against the assessment order if immunity is granted.
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