https://www.taxtmi.com/caselaws?id=760888 Rejection of immunity from penalty under Section 270AA was set aside because the application had been declined on the premise of misreporting without considering the assessee's explanation or the stated technical difficulty in seeking adjournment. The Court held that the facts leading to the addition had been disclosed and that the application required fresh consideration after giving the petitioner an opportunity of hearing. The matter was remanded to the Assessing Officer to decide the immunity application afresh in accordance with law. en-us Tue, 22 Oct 2024 00:00:00 +0530 Tue, 29 Oct 2024 09:00:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760888 Rejection of immunity from penalty under Section 270AA was set aside because the application had been declined on the premise of misreporting without considering the assessee's explanation or the stated technical difficulty in seeking adjournment. The Court held that the facts leading to the addition had been disclosed and that the application required fresh consideration after giving the petitioner an opportunity of hearing. The matter was remanded to the Assessing Officer to decide the immunity application afresh in accordance with law. Case-Laws Income Tax Tue, 22 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760888