https://www.taxtmi.com/news?id=72182 Form 161 is the prescribed application under the Income-tax Act, 2025 for immunity from penalty and prosecution where an assessee accepts an assessment or reassessment order, pays the full tax and interest demand within the prescribed time, and does not file an appeal. The application is event-based and must be filed within one month from the end of the month in which the order is received. It requires structured taxpayer identity details, order and payment particulars, and a statutory verification, and is filed electronically with supporting assessment, demand, payment, and PAN documents. en-us Fri, 03 Apr 2026 16:40:48 +0530 Fri, 03 Apr 2026 16:40:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72182 Form 161 is the prescribed application under the Income-tax Act, 2025 for immunity from penalty and prosecution where an assessee accepts an assessment or reassessment order, pays the full tax and interest demand within the prescribed time, and does not file an appeal. The application is event-based and must be filed within one month from the end of the month in which the order is received. It requires structured taxpayer identity details, order and payment particulars, and a statutory verification, and is filed electronically with supporting assessment, demand, payment, and PAN documents. News - Fri, 03 Apr 2026 16:40:48 +0530 https://www.taxtmi.com/news?id=72182