Section 270A Penalty Case Remanded After Delay Condoned

Kalpesh Deepak Fuldale Vs ITO (ITAT Pune) Penalty Appeal Dismissed for Delay Cannot Be Thrown Out Without Merits — Section 270A Penalty Matter Remanded to CIT(A) The Pune Bench of the ITAT allowed the assessee’s appeal for statistical purposes and set aside the ex-parte order of the CIT(A)/NFAC, which had dismissed the penalty appeal solely on the ground of delay of 380 days, without adjudicating the merits. The case involved levy of penalty under Section 270A for alleged under-reporting/misreporting of income. The assessee contended that the show-cause notice and penalty order did not spe...