Pendency of Rectification application – Immunity from prosecution & penalty – HC grants interim relief

Kusharaj Madhav Bhandary Vs ITO (Bombay High Court)

It is the case of the Petitioner that the Order of the assessment was passed on 30 March 2022, in which a demand was raised against the Petitioner. The said Order of assessment was not challenged by the Petitioner. With a view to seek benefit of immunity from prosecution & penalty under Section 270AA of the Income Tax Act, 1961 (“the Act”), the Petitioner is otherwise required to fulfill the condition that the appeal was preferred against the Order of assessment and

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