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Income Tax - Highlights / Catch Notes

Home Highlights February 2023 Year 2023 This

Penalty u/s 270A - imposition of penalty for under-reporting and ...


Section 270A Penalty Not Applicable for Income Estimations Without Concrete Evidence in Tax Cases.

February 13, 2023

Case Laws     Income Tax     AT

Penalty u/s 270A - imposition of penalty for under-reporting and misreporting of income - an addition made on the basis of estimation cannot provide foundation for under-reported income for the purpose of imposition of penalty u/s 270A of the Act.- AT

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