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Penalty u/s 270A Deleted – Immunity u/s 270AA Allowed Despite Procedural Lapse: ITAT Chennai
Case Law Details
- Case Name
- Citadines OMR Aparthotel Pvt. Ltd Vs ITO (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Chennai
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Citadines OMR Aparthotel Pvt. Ltd Vs ITO (ITAT Chennai)
Penalty U/s 270A deleted – Immunity U/s 270AA allowed despite non-filing of Form-68; procedural lapse held technical – ITAT Chennai
In Citadines OMR Aparthotel Pvt. Ltd. vs ITO (A.Y. 2018-19), penalty of ₹21.30 lakh u/s 270A was levied for under-reporting of income arising from prior-period expenditure disallowed during revision u/s 263 proceedings. The assessee had accepted the disallowance, paid tax and interest, and did not file any appeal against the revised assessment.
The Tribunal noted that the assessee satis...
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