
AO can’t take two different stands on immunity u/s 270AA(2) for a same transaction
September 25, 2026
Income Tax, ITAT
Immunity u/s 270AA(2) in respect of a single transaction can not be denied to one assessee when the penalty was dropped for other assessee. In a recent judgment, ITAT has allowed immunity from penalty u/s 270A to the assessee for not declaring capital gain on property observing that …
