No appeal to be maintained against assessment order if assessee has filed application for immunity from penalty

INCOME TAX : Where an assessee makes an application under section 270AA(1) and such an application has been accepted under section 270AA(4), assessee cannot file an appeal under section 246(A) or an application for revision under section 264 against order of assessment or reassessment passed under section 143(3) or section 147; however, he can challenge order passed by Assessing Officer, rejecting its application made under section 270AA(1)

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