https://www.taxtmi.com/caselaws?id=447764 The Rajasthan HC allowed a writ petition challenging rejection of immunity application under Section 270AA of the Income Tax Act. The petitioner-company had withdrawn its claim for education cess deduction before the provision came into force. The court held that the Assessing Officer failed to specify which part of sub-section (9) of Section 270A applied to the case and did not decide the immunity application within the prescribed time limit. The penalty order under Section 270A was set aside, granting immunity to the petitioner-company from penalty imposition. en-us Tue, 02 Jan 2024 00:00:00 +0530 Wed, 27 Mar 2024 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447764 The Rajasthan HC allowed a writ petition challenging rejection of immunity application under Section 270AA of the Income Tax Act. The petitioner-company had withdrawn its claim for education cess deduction before the provision came into force. The court held that the Assessing Officer failed to specify which part of sub-section (9) of Section 270A applied to the case and did not decide the immunity application within the prescribed time limit. The penalty order under Section 270A was set aside, granting immunity to the petitioner-company from penalty imposition. Case-Laws Income Tax Tue, 02 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447764