https://www.taxtmi.com/caselaws?id=421244 The court granted immunity to the petitioner under Section 270AA of the Income Tax Act, 1961 for the assessment year 2018-19. It held that the petitioner met the conditions for immunity, including payment of tax demand, non-filing of appeal, and initiation of penalty for underreporting. The court emphasized that the assessing officer must grant immunity once these conditions are fulfilled, and ruled that the petitioner could not be prejudiced by the officer's delay in issuing the order. The decision aimed to promote timely issue resolution, tax recovery, and reduce prolonged litigation. en-us Fri, 08 Apr 2022 00:00:00 +0530 Tue, 19 Apr 2022 22:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421244 The court granted immunity to the petitioner under Section 270AA of the Income Tax Act, 1961 for the assessment year 2018-19. It held that the petitioner met the conditions for immunity, including payment of tax demand, non-filing of appeal, and initiation of penalty for underreporting. The court emphasized that the assessing officer must grant immunity once these conditions are fulfilled, and ruled that the petitioner could not be prejudiced by the officer's delay in issuing the order. The decision aimed to promote timely issue resolution, tax recovery, and reduce prolonged litigation. Case-Laws Income Tax Fri, 08 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421244