ITAT held that penalty u/s 270A(9)(a) for under-reporting of ...

Tax Penalty Canceled: Salaried Employee Wins Appeal After Proving Genuine Mistake in Income Reporting Under Section 270A(9)(a)

April 11, 2025

Case Laws Income Tax AT

ITAT held that penalty u/s 270A(9)(a) for under-reporting of income is deleted. The appellant, a salaried employee, demonstrated a bona fide mistake by relying on tax representative's advice and TDS portal figures. Given the taxpayer's full tax payment, reliance on official portal data, and genuine error, the tribunal found no intentional misreporting. The 200% penalty initially imposed by the Assessing Officer was consequently nullified, with the decision rendered in favor of the assessee based on mitigating circumstances.

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ITAT held that penalty u/s 270A(9)(a) for under-reporting of ...

Tax Penalty Canceled: Salaried Employee Wins Appeal After Proving Genuine Mistake in Income Reporting Under Section 270A(9)(a)

April 11, 2025

Case Laws Income Tax AT

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