Immunity from imposition of penalty and initiation of proceeding u/s 276C or 276CC - Section 270AA

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....immunity from imposition of penalty u/s 270A and initiation of proceedings u/s 276C or 276CC [Section 270AA(1)] An assessee may make an application to the Assessing Officer to grant immunity from imposition of penalty under section 270A and initiation of proceedings under section 276C or section 276CC, if he fulfils the following conditions, namely:- * the tax and interest payable as per the o....

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.... * subject to fulfilment of the conditions specified in section 270AA(1) and * and after the expiry of the period of filing the appeal as specified in section 249(2)(b) grant immunity from imposition of penalty under section 270A and initiation of proceedings under section 276C or section 276CC, where the proceedings for penalty under section 270A has not been initiated under the circumstances....