No Penalty for Inadvertently Reported House Property Annual value Value

S. Saroja Vs DCIT (ITAT Chennai) The appeal in question, made by S. Saroja, challenges the order passed by the Commissioner of Income-tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi, pertaining to the assessment year 2017-18. Central to the appeal was the penalty imposed by the Assessing Officer (AO) under section 270A of the Income Tax Act, 1961, due to an inadvertent error by the assessee’s accountant in the reporting of the annual value of house property. The appellant, a senior citizen, had entrusted an accountant to file her return of income. The accountant inadvertentl...