https://www.taxtmi.com/caselaws?id=466757 Immunity from penalty for under-reporting remains available where tax and interest are paid within the prescribed period and no appeal is filed against the assessment, despite delayed filing of Form No. 68. The filing delay is treated as a procedural lapse, particularly because electronic uploading of the form was newly introduced for the relevant assessment year, rather than a substantive failure to meet the statutory conditions. Consequently, delay in submitting Form No. 68 does not by itself defeat immunity from penalty where the payment and no-appeal conditions are fulfilled. en-us Tue, 25 Feb 2025 00:00:00 +0530 Wed, 18 Feb 2026 20:11:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466757 Immunity from penalty for under-reporting remains available where tax and interest are paid within the prescribed period and no appeal is filed against the assessment, despite delayed filing of Form No. 68. The filing delay is treated as a procedural lapse, particularly because electronic uploading of the form was newly introduced for the relevant assessment year, rather than a substantive failure to meet the statutory conditions. Consequently, delay in submitting Form No. 68 does not by itself defeat immunity from penalty where the payment and no-appeal conditions are fulfilled. Case-Laws Income Tax Tue, 25 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466757