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Section 273AA Amended: Commissioners Now Have 12 Months to Decide on Immunity from Penalties Applications.

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....Amendment of section 273AA. - power of Principal Commissioner or Commissioner to grant immunity from penalty. - an order accepting or rejecting the application of an assessee shall be passed by the concerned Principal Commissioner or Commissioner within a period of twelve months from the end of the month in which such application is received.....

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Section 273AA Amended: Commissioners Now Have 12 Months to Decide on Immunity from Penalties Applications.