The Central Board of Direct Taxes ( CBDT ), Thursday clarified that when an assessee prefers to make an application under Section 270AA of the Income Tax Act to seek immunity from penalty proceedings in case of under-reporting of income, the Assessing Officer shall not take an adverse view in penalty proceedings under section 271(1)(c) […]
The post Seeking Immunity u/s 270AA would not assessee to challenge same issue in earlier years: CBDT [Read Circular] appeared first on Taxscan | Simplifying Tax Laws.
from Taxscan | Simplifying Tax Laws https://ift.tt/2OXCJNh
No comments:
Post a Comment