https://www.taxtmi.com/circulars?id=57318 Section 270AA allows an assessee to apply for immunity from specified penalties and initiation of criminal proceedings-chiefly immunity from imposition of penalty under section 270A (excluding misreporting penalties) and from initiation of prosecution-subject to conditions and Assessing Officer discretion. Filing an immunity application does not preclude the assessee from contesting the same issue in earlier assessment years, and tax authorities must not treat such an application as acquiescence that justifies an adverse view in penalty proceedings for prior years. en-us Thu, 16 Aug 2018 00:00:00 +0530 Mon, 20 Aug 2018 18:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57318 Section 270AA allows an assessee to apply for immunity from specified penalties and initiation of criminal proceedings-chiefly immunity from imposition of penalty under section 270A (excluding misreporting penalties) and from initiation of prosecution-subject to conditions and Assessing Officer discretion. Filing an immunity application does not preclude the assessee from contesting the same issue in earlier assessment years, and tax authorities must not treat such an application as acquiescence that justifies an adverse view in penalty proceedings for prior years. Circulars Income Tax Thu, 16 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57318