Penalty under Section 270A upheld where immunity application in Form 68 under 270AA(3) was not filed or acknowledged.

Penalty under Section 270A upheld where immunity application in Form 68 under 270AA(3) was not filed or acknowledged. https://www.taxtmi.com/highlights?id=97159 Assessee failed to establish eligibility for immunity under section 270AA(3) because no application in Form 68-online or manual-was produced or acknowledged; alleged technical glitch was unsubstantiated. The reasoning applies the requirement that an immunity application must be filed and evidenced, and that absence of Form 68 or acknowledgment supports a finding of under reporting. Consequent to these factual and evidentiary findings, penalty liability under section 270A was sustained and the appeal was dismissed. en-us Wed, 25 Feb 2026 11:53:12 +0530 Wed, 25 Feb 2026 11:53:12 +0530 TaxTMI RSS Generator Penalty under Section 270A upheld where immunity application in Form 68 under 270AA(3) was not filed or acknowledged. https://www.taxtmi.com/highlights?id=97159 Assessee failed to establish eligibility for immunity under section 270AA(3) because no application in Form 68-online or manual-was produced or acknowledged; alleged technical glitch was unsubstantiated. The reasoning applies the requirement that an immunity application must be filed and evidenced, and that absence of Form 68 or acknowledgment supports a finding of under reporting. Consequent to these factual and evidentiary findings, penalty liability under section 270A was sustained and the appeal was dismissed. Highlights Income Tax Wed, 25 Feb 2026 11:53:12 +0530 https://www.taxtmi.com/highlights?id=97159