Revised Return After Detection Not Voluntary – ITAT Upholds 200% Misreporting Penalty

Mahesh Tukaram Matkar Vs ITO (ITAT Pune) Revised Return After Getting Caught Claiming Wrong Deductions – ITAT Pune Upholds 200% Misreporting Penalty u/s 270A Assessee, an employee of Bosch Ltd., originally filed returns showing income of ₹4.52 lakh for AY 2017-18 after claiming Chapter VI-A deductions of ₹2.35 lakh. The case was reopened u/s 147, during which he filed a revised return admitting total income of ₹8.47 lakh & paid tax of ₹99,262. AO held that the revised return was filed only after detection by the Department & that the earlier claim involved excess deductio...