No penalty u/s 270AA for delayed immunity application, as breach was procedural & tax was paid

Punam Kanwar Bhati Vs ITO (ITAT Jodhpur)

Conclusion: Penalty under section 270 A was not leviable as the nature of addition/disallowance were not in the nature of misreporting or misreporting income of assessee and assessee had paid the demand within 30 days and filed the required form no. 68 and that form was procedura

Please become a Premium member. If you are already a Premium member, login here to access the full content.