Circular No. 25/2015 — Immunity from penalty — procedures u/s 270AA
Date: 2015-12-31 Status: ACTIVE Category: Penalties Binding on Department: Yes (Section 119 / Section 400 IT Act 2025)
Summary
Procedure for granting immunity from penalty under section 270AA. Assessee must pay tax and interest and not file appeal against assessment.
Key Directions
- Application for immunity within 1 month of penalty order.
- Tax and interest must be paid in full before applying.
- No appeal against quantum assessment to be pending.
- CIT(A) to dispose of application within 1 month.
Applicability Under IT Act 2025
Saving Clause: Section 536 of IT Act 2025 saves circulars issued under the 1961 Act “so far as not inconsistent” with the new Act.
| Old Section (1961 Act) | New Section (2025 Act) | Consistent? |
|---|---|---|
| 270AA | 346 | Yes |
Cross-References
Act Sections
Related Circulars
- None identified
Key Case Law (Circular Supremacy)
- To be populated — cases where this circular was cited/applied
Full Text
Full text to be added — see raw/circulars/ for PDF when available
Source
- Official: incometaxindia.gov.in/circulars