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 one month 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 appe al under 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.]