https://www.taxtmi.com/caselaws?id=798340 Immunity from penalty for under-reporting of income applies where the assessee pays the assessed tax and interest within the stipulated period and does not challenge the assessment order. Failure to submit the prescribed Form 68 within time is a technical or venial procedural breach and does not defeat substantive entitlement to immunity where the statutory substantive conditions are fulfilled. Consequently, penalty is not leviable merely because the prescribed application was omitted. en-us Thu, 09 Jul 2026 00:00:00 +0530 Sat, 05 Sep 2026 08:44:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798340 Immunity from penalty for under-reporting of income applies where the assessee pays the assessed tax and interest within the stipulated period and does not challenge the assessment order. Failure to submit the prescribed Form 68 within time is a technical or venial procedural breach and does not defeat substantive entitlement to immunity where the statutory substantive conditions are fulfilled. Consequently, penalty is not leviable merely because the prescribed application was omitted. Case-Laws Income Tax Thu, 09 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798340