Immunity form

Respected sir Myself Ankalkote Siddheshwar tax consultant from latur Maharashtra wants to convey you where Got immunity form ? Wants to request you kindly provide immunity form format

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  At what circumstances the assessee will get immunity from penalty u/s 270AA of the Act ?

Good evening sir. The assessment is completed by making five additions to the total returned income. Penalty u/s 270A is levied for these five additions, one for misreporting of income and four for underreporting of the income. In this case, can the assessee opt for immunity from penalty u/s 270AA for that assessment year? Section 270AA(3) specifies that if the penalty is initiated on account of misreporting of income, then the assessing officer will not grant immunity from penalty. Please clarify.

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