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<h1>Application for Immunity from Penalty Under Section 270AA(2) of Income-tax Act, 1961: Key Details and Requirements</h1> This document is an application form under section 270AA(2) of the Income-tax Act, 1961, intended for individuals or entities seeking immunity from penalty and prosecution related to income tax assessments. It requires personal information, including name, Permanent Account Number or Aadhaar Number, address, and contact details. The form also demands details of the assessment order, such as the assessment year, section under which the order is passed, date of order and service, assessed income, and tax payable. Applicants must verify the information, declare no appeal has been filed, and sign the form, confirming their capacity to submit the application.
TaxTMI