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270AA

ITA 1961 · Section 270AA

Section 270AA — Immunity from Imposition of Penalty, Etc.

Chapter XXI — Penalties ImposableITA 1961Up to AY 2025-26

CHAPTER XXI — PENALTIES IMPOSABLE

CHAPTER XXI — PENALTIES IMPOSABLE

Section 270AA — Immunity from Imposition of Penalty, Etc.

Case Laws & Commentary — Income-tax Act, 1961 (as amended by the Finance Act, 2026) — bharattax.co Treatise

Status: Live and increasingly important. Section 270AA offers an assessee who accepts the assessment, pays the demand and forgoes appeal a statutory immunity from the section 270A penalty and from prosecution under sections 276C / 276CC — but the immunity is confined to under-reporting and is not available where misreporting under section 270A(9) is genuinely made out.

Finance Act, 2026: Substituted by the Finance Act, 2026, with effect from 1 March 2026. Sub-sections (1) to (3) are replaced (and a new sub-section (3A) added). The recast (1) frames the relief as immunity from imposition of, or waiver of, penalty under section 270A; (1)(b) expressly contemplates payment of 100% additional income-tax in lieu of penalty where sub-section (9) misreporting circumstances exist; (2) retains the one-month application window; (3) requires the Assessing Officer to grant immunity on fulfilment of conditions after expiry of the appeal period; and the new (3A) bars immunity or waiver where any Chapter XXII (prosecution) proceeding has been initiated.

Mechanism: Pay the tax and interest per the assessment within the demand period and file no appeal → apply within one month from the end of the month of receipt of the order → the Assessing Officer grants immunity from the section 270A penalty and from sections 276C/276CC prosecution, provided the case is not one of established misreporting and (from 1-3-2026) no Chapter XXII proceeding has been initiated.

Litigation profile: Litigated chiefly through writ petitions where immunity is refused — almost always because the Revenue labels a disallowance "misreporting" without substantiating the clause of section 270A(9). The Delhi High Court has repeatedly compelled the grant of immunity in such cases.

A. COMMENTARY

Purpose: certainty in exchange for finality

Section 270AA is a settlement-by-acceptance mechanism. The assessee who is willing to pay and not litigate is rewarded with certainty — no penalty, no prosecution. The quid pro quo is finality: the immunity is forfeited if the assessee appeals. The provision is the practical complement to the structured penalty in section 270A and is the reason the under-reporting / misreporting distinction is so consequential.

The misreporting exception is the fault-line

Immunity is unavailable where the under-reported income is "in consequence of misreporting" within section 270A(9). This single exception generates almost all the litigation. Because the Assessing Officer can defeat an immunity application merely by characterising an addition as "misreporting", the courts insist that the characterisation be real and reasoned. Prem Brothers, GE Capital and Schneider Electric establish that a bare or mislabelled invocation of misreporting — particularly on additions reached from fully-disclosed facts — is arbitrary, and that immunity must then be granted.

The Finance Act, 2026 recast

The substituted sub-sections (1)-(3) and the new (3A) refine the scheme: the relief is now articulated as immunity from imposition or waiver of the section 270A penalty; sub-section (1)(b) builds in the option of paying 100% additional income-tax in lieu of penalty in misreporting-type circumstances; and the new sub-section (3A) makes the immunity unavailable once any prosecution proceeding under Chapter XXII has been set in motion. Practitioners should diarise the one-month application window in sub-section (2), which is strict.

B. STATUTORY TEXT (verbatim)

Reproduced from the Income-tax Act, 1961 as amended up to the Finance Act, 2025; Finance Act, 2026 changes are noted above.

Immunity from imposition of penalty, etc.

270AA. (1) An assessee may make an application to the Assessing Officer to grant immunity from

imposition of penalty under section 270A and initiation of proceedings under section 276C or section

276CC, if he fulfils the following conditions, namely:—

(a) the tax and interest payable as per the order of assessment or reassessment under sub-section (3) of

section 143 or section 147, as the case may be, has been paid within the period specified in such

notice of demand; and

(b) no appeal against the order referred to in clause (a) has been filed.

(2) An application referred to in sub-section (1) shall be made within one month from the end of the month

in which the order referred to in clause (a) of sub-section (1) has been received and shall be made in such

form and verified in such manner as may be prescribed.

(3) The Assessing Officer shall, subject to fulfilment of the conditions specified in sub-section (1) and after

the expiry of the period of filing the appeal as specified in clause (b) of sub-section (2) of section 249, grant

immunity from imposition of penalty under section 270A and initiation of proceedings under section 276C or

section 276CC, where the proceedings for penalty under section 270A has not been initiated under the

circumstances referred to in sub-section (9) of the said section 270A.

(4) The Assessing Officer shall, within a period of three months from the end of the month in which the

application under sub-section (1) is received, pass an order accepting or rejecting such application:

Provided that no order rejecting the application shall be passed unless the assessee has been given an

opportunity of being heard.

(5) The order made under sub-section (4) shall be final.

(6) No appeal under section 246 or section 246A or an application for revision under section 264 shall be

admissible against the order of assessment or reassessment, referred to in clause (a) of sub-section (1), in a

case where an order under sub-section (4) has been made accepting the application.

C. AUTHORITIES

The authorities are shared with section 270A because immunity turns on the same misreporting question. They establish that refusal of immunity is judicially reviewable and that the Revenue must substantiate misreporting; the conditions are mandatory and time-bound.

1. Refusal of immunity is reviewable; unsubstantiated "misreporting" defeats refusal

Prem Brothers Infrastructure LLP v. NFAC (2022) 288 Taxman 768 / (2023) 334 CTR 363 (Delhi)(HC)

Holding Where a disallowance arose from the same disclosed facts and was merely labelled "misreporting" to deny immunity, the labelling was "manifestly arbitrary"; immunity under section 270AA was directed.

Use The leading authority compelling grant of immunity where misreporting is not genuinely made out.

GE Capital US Holdings Inc. v. DCIT (Delhi)(HC) (W.P.(C) 1646/2022, 28-1-2022)

Holding A cryptic assessment order and non-specific show-cause notice cannot support refusal of immunity; immunity from penalty and prosecution under section 270AA was directed. The taxpayer who accepts and pays should be incentivised.

Use Confirms the immunity is not at the Assessing Officer’s unfettered discretion and is enforceable by writ.

Schneider Electric South East Asia (HQ) Pte Ltd v. ACIT (2022) 443 ITR 186 (Delhi)(HC)

Holding A penalty notice that does not specify the limb, and the consequent denial of immunity, are unsustainable; the assessee who fulfils the section 270AA conditions is entitled to immunity.

Use Links the section 270A specificity requirement to the entitlement to immunity.

Rohit Kumar v. ITO (Delhi)(HC) (W.P.; decided 15-1-2025)

Holding Continuing the Delhi line, the Court interfered where immunity was denied on a defective/ non-specific basis, reiterating that immunity must follow where the statutory conditions are met and misreporting is not properly established.

Use A recent (2025) reaffirmation that the immunity line remains good law.

2. Conditions are mandatory, cumulative and time-bound

Principle — pay, do not appeal, apply within one month

Proposition Immunity requires payment of the tax and interest per the assessment within the demand period, no appeal, and an application within one month from the end of the month of receipt of the order; the conditions are cumulative and the window is strict.

Use The compliance checklist; a defaulted condition or late application forfeits immunity irrespective of merits.

Principle — FA 2026 bar where prosecution initiated (new sub-section (3A))

Proposition From 1-3-2026, no immunity or waiver under sub-section (3) is available where any Chapter XXII proceeding has been initiated.

Use A new disqualifier to check before advising the immunity route after 1-3-2026.

Prepared for the bharattax.co Treatise on the Income-tax Act, 1961 (as amended by the Finance Act, 2026). Statutory text reproduced from the official Act; case-law holdings are the author’s summaries for professional use.