This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Penalty u/s 270A unsustainable as non-declaration cannot be equated as underreporting of income
Case Law Details
- Case Name
- Kavita Jasjit Singh Vs CIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Mumbai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Kavita Jasjit Singh Vs CIT (ITAT Mumbai)
ITAT Mumbai held that penalty under section 270A of the Income Tax Act unsustainable as non-declaration of interest on income tax refund was bona fide and cannot be said to be underreporting of income.
Facts- The assessee is an individual and for the year under consideration filed the return of income on 30/10/2017, declaring a total income of Rs.1,88,68,990. The return filed by the assessee was selected for scrutiny and vide order dated 27/11/2019, passed u/s. 143(3) of the Act the scrutiny assessment was concluded assessing the total income of the ass...
Author Info
