Immunity from imposition of penalty, etc.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... under section 276C or section 276CC, if he fulfils the following conditions, namely:- (a) the tax and interest payable as per the order of assessment under sub-section (3) of section 143 or reassessment under section 147 has been paid within the period specified in the notice of demand; (b) where penalty has been levied or, as the case may be, leviable under the circumstances re....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ied in clause (b) of sub-section (2) of section 249, grant immunity from imposition or, as the case may be, waiver of penalty under section 270A and initiation of proceedings under section 276C or section 276CC. (3A) No immunity or, as the case may be, waiver under sub-section (3) shall be granted where any proceedings has been initiated under Chapter XXII.] (4) The Assessing Officer shall, ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....sp;w.e.f. 01-04-2017 2. Inserted vide Section 113 of the Finance Act, 2023 w.e.f. 01-04-2023 3. Substituted vide Section 79 of the Finance Act, 2025 w.e.f. 01-04-2025 before it was read as, "one month" 4.  Substituted vide Section 21 of the Finance Act, 2026 w.e.f. 01-03-2026 before it was read as, "(1)&nbs....