https://www.taxtmi.com/news?id=72181 Form 161 is the prescribed application under section 440(2) of the Income-tax Act, 2025 for seeking immunity from penalty and prosecution after an assessment or reassessment order. It is optional and event-based, must be filed within one month from the end of the month of receipt of the order, and is available only where the taxpayer has paid the full tax and interest demand and has not filed any appeal. The form requires order details, demand details, proof of payment, and PAN, and can be submitted only online through the e-Filing portal. en-us Fri, 03 Apr 2026 15:59:45 +0530 Fri, 03 Apr 2026 15:59:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72181 Form 161 is the prescribed application under section 440(2) of the Income-tax Act, 2025 for seeking immunity from penalty and prosecution after an assessment or reassessment order. It is optional and event-based, must be filed within one month from the end of the month of receipt of the order, and is available only where the taxpayer has paid the full tax and interest demand and has not filed any appeal. The form requires order details, demand details, proof of payment, and PAN, and can be submitted only online through the e-Filing portal. News - Fri, 03 Apr 2026 15:59:45 +0530 https://www.taxtmi.com/news?id=72181