Tag Archives: Section 270AA

Now Assesee can claim Immunity from penalty and prosecution u/s 270AA

By | March 6, 2016

Finance Bill 2016 Immunity from penalty and prosecution in certain cases by inserting new section 270AA It is proposed to provide that an assessee may make an application to the Assessing Officer for grant of immunity from  imposition of penalty under section 270A and initiation of proceedings under section 276C, provided he pays the tax… Read More »