{"id":22352,"date":"2021-10-16T17:27:25","date_gmt":"2021-10-16T11:57:25","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=22352"},"modified":"2021-10-23T06:26:54","modified_gmt":"2021-10-23T00:56:54","slug":"waiver-of-penalty-u-s-270aa-and-273a","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/waiver-of-penalty-u-s-270aa-and-273a\/","title":{"rendered":"WAIVER OF PENALTY U\/S 270AA AND 273A"},"content":{"rendered":"<p>PLEASE EXPLAIN UNDER WHICH SITUATIONS, SEC 270AA AND 273A CAN BE TAKEN AS A STAND.<\/p>\n<p>Q &#8211; ASSESSMENT ORDER PASSED WHEREIN CERTAIN ADDITIONS WERE MADE. EVEN AFTER ADDITION MADE &#8211; THERE WAS NO TAX PAYABLE (REFUND AMOUNT GOT REDUCED). THEREAFTER PENALTY PROCEEDINGS UNDERTAKEN U\/S 270A AND PENALTY FOR UNDER-REPORTING AND MIS-REPORTING LEVIED. AGAINST THE SAID PENALTY ORDER, APPEAL HAS BEEN FILED AND STILL PENDING.<\/p>\n<p>Q1 &#8211; CAN WE RESORT TO SEC 270AA &#8211; AS THERE WAS NO TAX PAYABLE. THE PERIOD OF 30 DAYS TO FILE APPLICATION UNDER THE SECTION HAS ALREADY EXPIRED. ANY CASE LAW WHERE SUCH DELAY IS CONDONED.<\/p>\n<p>Q2. CAN ASSESSEE OPT FOR WAIVER OF PENALTY U\/S 273A.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[139],"qa_category":[23],"qa_tag":[149,397],"class_list":["post-22352","qa","type-qa","status-publish","hentry","qa_expert-research-team","qa_category-income-tax","qa_tag-penalty","qa_tag-waiver-of-penalty"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/22352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=22352"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=22352"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=22352"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=22352"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=22352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}