CIT(A) has no jurisdiction to allow or reject claim of immunity from penalty u/s 270AA - ITAT In an important…
Merely because assessee accepted disallowance made by Assessing Officer, it cannot automatically lead to conclusion that assessee under reported income…
Penalty u/s 270A can not be imposed without first disposing application in Form No. 68 for immunity from penalty ABCAUS…
No 200 percent Penalty if income declared us 115BBE and 75% of tax and surcharge is paid before the end…
Rationalisation of income tax penalty provisions in budget- 2016-17 New section 270A for under-reporting of income from AY 2017-18 Under…