Immunity from penalty U/s 270A

Immunity from penalty U/s 270A




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Immunity from penalty U/s 270A

Whenever the addition is done by the AO during the course of the assessment proceeding, Assesee can seek immunity from penalty proceeding u/s 270A.
For this, the assessee can make an application to the Assessing Officer to grant immunity from penalty under this provision. The same is provided under section 270AA
The immunity is allowed if the following conditions are satisfied;
(a) Assessee files an application in Form 68 within 1 month from the end of the month in which the order of assessment or reassessment is received;
(b) The tax and interest payable as per the order of scrutiny assessment under Section 143(3) or income escaping assessment under Section 147, as the case may be, has been paid within the period specified in notice of demand; and
(c) No appeal has been filed against such assessment order.
Further, where the assessee has made an application for settlement and settlement proceedings has been abated he can apply for immunity from penalty under section 273AA.
Form 68 for making the application is as under:
RM NO. 68 
Form of application under section 270AA(2) of the Income-tax Act, 1961 
Personal 
Information
First Name 
Middle 
Name
Last Name or Name of Entity
Permanent Account Number or Aadhaar Number
Flat/Door/Block No. 
Name of 
Premises/Building/ Village
Road/Street/Post Office
Area/Locality 
Town/City/District 
State
Country 
Pin Code 
Phone No. 
with STD 
code/ obile 
No.
Email 
Address
Details of orders and payments
Assessment Year
Section under which assessment/reassessment order is passed
Date of the assessment/reassessment order
Date of service of the assessment/reassessment order
Amount of income assessed as per the assessment/reassessment order
Tax and interest payable as per notice of demand (in Rs.)
Due date for payment as per notice of demand
Details of amounts paid
Sl. No. 
BSR 
Code
Date of Deposit 
(DD/MM/YYYY)
Serial Number of Challan
Amount 
(Rs.)
(i)
(ii)
(iii)
Form of verification 
I, …………………………………………………………… son/daughter of ………………………………………. do hereby declare that what is stated above is true to the best of my information and belief. I further declare that no appeal has been filed in respect of the order mentioned in column 2 above. I also undertake that no appeal shall be filed in respect of the said order before the expiry of the period specified in section 270AA(4) of the Income-tax Act, 1961. I declare that I am making this application in my capacity as …………………………………….. and I am also competent to file this application and verify it. 
Place Signature  
Date Seal  
(wherever applicable) 
Strike off whichever is not applicable.




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