Application for immunity under section 270AA allows taxpayers to seek exemption from penalties and prosecution initiation Amendment to the Income-tax Rules inserts a new rule requiring applications for immunity from penalty and from initiation of prosecution to be made to the Assessing Officer in the prescribed Form No.68, and adds Form No.68 to Appendix II with fields for taxpayer details, particulars of the assessment order, payment records, and a signed verification undertaking that no appeal has been or will be filed during the statutory period.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Application for immunity under section 270AA allows taxpayers to seek exemption from penalties and prosecution initiation
Amendment to the Income-tax Rules inserts a new rule requiring applications for immunity from penalty and from initiation of prosecution to be made to the Assessing Officer in the prescribed Form No.68, and adds Form No.68 to Appendix II with fields for taxpayer details, particulars of the assessment order, payment records, and a signed verification undertaking that no appeal has been or will be filed during the statutory period.
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