|The Tax Publishers
Penalty under section 270A--Immunity therefrom-Income offered to tax post first notice
I have a query regarding levy of Penalty under section 270A only on the ground of non-filing of Form 68.
The income missed out to be offered was offered along with tax payment in the First response against the notices issued for verifying the returns of the Partners consequent to the Survey conducted in the case of the Firm.
Kindly get me an update on whether the plea with confirmation of payment is not sufficient to request for dropping of penalty.
Procedure for immunity from penalty under section 270A is as under:
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