ITAT Cancels Rs 9.27 Lakh Penalty, Directs Tax Department to Grant Immunity to Assessee:

ITAT Cancels Rs 9.27 Lakh Penalty, Directs Tax Department to Grant Immunity to Assessee

ITAT quashes Rs 9.27 lakh penalty and directs the Assessing Officer to grant immunity to the assessee under Section 270AA of the Income Tax Act.

ITAT Cancels Rs 9.27 Lakh Penalty, Grants Immunity

authorVanshika vermadateJul 27, 2026
Last update on Jul 27, 2026
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ITAT Cancels Rs 9.27 Lakh Penalty, Directs Tax Department to Grant Immunity to Assessee

ITAT quashes Rs 9.27 lakh penalty and directs the Assessing Officer to grant immunity to the assessee under Section 270AA of the Income Tax Act.

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Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
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