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of <h1>Finance Bill 2025 proposes extending Section 270AA immunity application processing from one month to three months.</h1> The Finance Bill 2025 proposes an amendment to Section 270AA of the Act, which outlines the procedure for granting immunity from penalties or prosecution by the Assessing Officer. Currently, an application for immunity must be processed within one month after receipt. Stakeholders have reported difficulties in meeting this timeframe. Consequently, the proposed amendment seeks to extend the processing period to three months from the end of the month in which the application is received. This change is set to take effect on April 1, 2025, allowing applicants more time to present their cases effectively.
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