Section 270A Penalty Deleted for Suo Motu Withdrawal of Education Cess Claim

Capgemini Technology Services India Limited Vs Assessment Unit (ITAT Pune) Penalty u/s 270A Deleted for Suo-Motu Withdrawal of Education Cess Claim Based on Retrospective Amendment The Pune ITAT (SMC Bench) allowed the assessee’s appeal and deleted the penalty levied under section 270A for AY 2020-21 in respect of disallowance of Health and Education Cess. The assessee had originally claimed deduction of cess based on prevailing favourable judicial precedents and subsequently suo-motu withdrew the claim after the retrospective amendment introduced by Finance Act, 2022 (Explanation 3 to secti...