{"id":39839,"date":"2024-03-04T16:45:34","date_gmt":"2024-03-04T11:15:34","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=39839"},"modified":"2024-03-04T16:45:34","modified_gmt":"2024-03-04T11:15:34","slug":"query-on-270aa-of-it-act-immunity-from-imposition-of-penalty","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/query-on-270aa-of-it-act-immunity-from-imposition-of-penalty\/","title":{"rendered":"Query on 270AA of IT Act&#8211;Immunity from Imposition of Penalty"},"content":{"rendered":"<p><b>Dear Experts,<\/b><b><\/b><\/p>\n<p><b>The Assessment Unit of the Income Tax Department made an assessment for the Assessment Year 2018-19 under section 147 read with section 144B on 14.02.2024 and a Demand of Rs 1,62,256 is raised.\u00a0 The demand is raised without giving credit of the self assessment tax paid \u00a0on 07.04.2023 at the time of Filing Return of Income U\/s 148 i.e. Rs. 60,917.<\/b><\/p>\n<p><b>Rectification petition for credit of Rs. 60,917 has been filed with the Jurisdictional Assessing Officer and is pending for processing.<\/b><\/p>\n<p><b>Balance Demand Rs. 1,01,339 \u00a0(1,62,256 \u2013 60,917) paid within 30 days of demand raised. Now, I am unable to file the application U\/s 270AA (Form 68- Immunity from Imposition of Penalty).<\/b><\/p>\n<p><b>In Point 8 of Form 68&#8212; \u201cDetails of amounts paid\u201d, since the date of amount paid as self assessment tax at the time of Filing Return of Income U\/s 148 is before the date of service of order so an error message is displayed as \u201cError: Please enter valid date of deposit and it cannot be before date of service of order\u201d<\/b><\/p>\n<p><b>What course of action should one take in such a case so that the Form 68 is successfully filed for grant of Immunity from Imposition of Penalty?<\/b><\/p>\n<p><b>One of the options I feel is to wait for the processing of rectification filed with the Jurisdictional Assessing Officer so that the demand gets reduced and the credit of Self Assessment Tax is given.<\/b><\/p>\n<p><b>What are the other options available?<\/b><\/p>\n<p><b>Please suggest.<\/b><\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[],"qa_category":[23],"qa_tag":[149],"class_list":["post-39839","qa","type-qa","status-publish","hentry","qa_category-income-tax","qa_tag-penalty"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/39839","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=39839"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=39839"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=39839"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=39839"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=39839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}