Penalty Imposed for Misreporting Unaccounted Rental Income u/s 270A; 200% Tax Penalty Deemed Appropriate by AO.

Penalty proceedings u/s.270A - unaccounted rental income - it is a case of misreporting of income as per provisions of Sec.270A(9) of the Act, and the AO has rightly levied penalty @200% of the amount of tax payable - AT .....

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