https://www.taxtmi.com/acts?id=53795 Section 270A is amended to provide that where additional income-tax is paid in accordance with section 140B(3A), the income on which such tax is paid shall not form the basis for imposition of penalty under section 270A. The insertion is deemed to have been made with effect from 1 March 2026 and creates an express non-application rule for penalty proceedings in respect of that income. en-us Tue, 31 Mar 2026 15:17:33 +0530 Tue, 31 Mar 2026 15:17:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53795 Section 270A is amended to provide that where additional income-tax is paid in accordance with section 140B(3A), the income on which such tax is paid shall not form the basis for imposition of penalty under section 270A. The insertion is deemed to have been made with effect from 1 March 2026 and creates an express non-application rule for penalty proceedings in respect of that income. Act-Rules F. Acts / Amendment Acts Tue, 31 Mar 2026 15:17:33 +0530 https://www.taxtmi.com/acts?id=53795