https://www.taxtmi.com/caselaws?id=790058 A penalty under Section 270A should not be finalised while an assessee's pending Form No. 68 request for immunity under Section 270AA(2) remains undisposed of; the penalty action must wait until the immunity application is decided. Where immunity under Section 270AA(4) has already been granted, the basis for imposing penalty under Section 270A no longer survives, and any subsequent penalty order is legally unsustainable. The stated approach is that penalty proceedings cannot proceed inconsistently with an unresolved or already allowed statutory immunity application. en-us Wed, 15 Apr 2026 00:00:00 +0530 Sat, 18 Apr 2026 08:22:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790058 A penalty under Section 270A should not be finalised while an assessee's pending Form No. 68 request for immunity under Section 270AA(2) remains undisposed of; the penalty action must wait until the immunity application is decided. Where immunity under Section 270AA(4) has already been granted, the basis for imposing penalty under Section 270A no longer survives, and any subsequent penalty order is legally unsustainable. The stated approach is that penalty proceedings cannot proceed inconsistently with an unresolved or already allowed statutory immunity application. Case-Laws Income Tax Wed, 15 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790058