https://www.taxtmi.com/caselaws?id=467165 The note addresses immunity under section 270AA and the requirement that the assessing officer must pass a recorded acceptance or rejection of an immunity application within the statutory time and after affording hearing; failure to do so precludes valid rejection. It highlights that immunity eligibility requires payment of tax and interest and no pending appeal, and that penalty under section 270A cannot be sustained where the penalty order fails to identify which limb of misreporting is invoked and the addition arises from underreporting rather than the specified misreporting limbs; consequence noted is cancellation of the penalty on these grounds. en-us Mon, 27 Oct 2025 00:00:00 +0530 Fri, 06 Mar 2026 18:09:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467165 The note addresses immunity under section 270AA and the requirement that the assessing officer must pass a recorded acceptance or rejection of an immunity application within the statutory time and after affording hearing; failure to do so precludes valid rejection. It highlights that immunity eligibility requires payment of tax and interest and no pending appeal, and that penalty under section 270A cannot be sustained where the penalty order fails to identify which limb of misreporting is invoked and the addition arises from underreporting rather than the specified misreporting limbs; consequence noted is cancellation of the penalty on these grounds. Case-Laws Income Tax Mon, 27 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467165