https://www.taxtmi.com/caselaws?id=466757 The note addresses whether delayed uploading of Form No. 68 defeats immunity from penalty under Section 270AA where tax and interest were paid within the prescribed period and no appeal was filed. It clarifies that failure to upload Form No. 68, introduced for the relevant year, was treated as a procedural lapse rather than a substantive non compliance, relying on analogous authority; the statutory conditions of payment with interest and absence of appeal were satisfied. Operative effect: immunity under Section 270AA applies despite the delay and the penalty under Section 270A was set aside in favour of the assessee. 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 The note addresses whether delayed uploading of Form No. 68 defeats immunity from penalty under Section 270AA where tax and interest were paid within the prescribed period and no appeal was filed. It clarifies that failure to upload Form No. 68, introduced for the relevant year, was treated as a procedural lapse rather than a substantive non compliance, relying on analogous authority; the statutory conditions of payment with interest and absence of appeal were satisfied. Operative effect: immunity under Section 270AA applies despite the delay and the penalty under Section 270A was set aside in favour of the assessee. Case-Laws Income Tax Tue, 25 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466757