Absence of clear & precise Section 270A notice: ITAT Pune deletes Penalty

Sagar Subhash Wedhane Vs ITO (ITAT Pune) In the case of Sagar Subhash Wedhane vs. ITO, the Income Tax Appellate Tribunal (ITAT) Pune allowed the assessee’s appeal against a penalty of ₹1,61,548 levied under Section 270A(9)(a) of the Income Tax Act, 1961 for the Assessment Year 2018–19. The assessee, an employee of Bosch Limited, had originally filed his income tax return through a tax consultant, Mr. Kishor Patil, who allegedly filed inflated deduction claims under Chapter VI-A without the assessee’s knowledge. After reassessment proceedings under Section 147/148, a revised return was ...