Section 270AA in The Income Tax Act, 1961
270AA. Immunity from imposition of penalty, etc.
(1) An assessee may make an application to the Assessing
Income Tax Rules, 1962
129. [ Form of application under section 270AA. [Rule 129 inserted by the Income-tax (Twenty Fifth Amendment) Rules
section (5) has been made accepting the application. [ Similar to Section 270AA from The Income Tax Act, 1961 - Also Refer
Section 113 in The Finance Act, 2023
113. In section 270AA of the Income-tax Act, in sub-section (6), after the words