Eligibility for Immunity from Penalty Confirmed Despite Payment Delay u/s 271AAA Settlement Order.

Eligibility for Immunity from Penalty Confirmed Despite Payment Delay u/s 271AAA Settlement Order. https://www.taxtmi.com/highlights?id=73156 Loss of immunity from Penalty u/s. 271AAA - Delay in payment full tax as per the order of Settlement Commission (ITSC) - DR in argument mentioned that the assessee had lost the immunity, so penalty is justified. But remained silent about the application of Section 271AAA(2)(i) - In our considered view, the assessee is eligible for granting immunity for application of penalty u/s 271AAA - AT en-us Wed, 22 Nov 2023 08:11:37 +0530 Wed, 22 Nov 2023 12:14:04 +0530 TaxTMI RSS Generator Eligibility for Immunity from Penalty Confirmed Despite Payment Delay u/s 271AAA Settlement Order. https://www.taxtmi.com/highlights?id=73156 Loss of immunity from Penalty u/s. 271AAA - Delay in payment full tax as per the order of Settlement Commission (ITSC) - DR in argument mentioned that the assessee had lost the immunity, so penalty is justified. But remained silent about the application of Section 271AAA(2)(i) - In our considered view, the assessee is eligible for granting immunity for application of penalty u/s 271AAA - AT Highlights Income Tax Wed, 22 Nov 2023 08:11:37 +0530 https://www.taxtmi.com/highlights?id=73156