Sec 270A Penalty: Immunity U/s 270AA Cannot Be Denied Without Hearing – ITAT Bangalore

Joydeep Mukherjee Vs DCIT (ITAT Bangalore) Penalty U/s 270A – Immunity Application U/s 270AA Cannot Be Rejected Without Hearing – Matter Remanded to AO – ITAT Bangalore Assessee did not file return u/s 139 for AY 2018-19. Based on information regarding salary income, mutual fund investments, interest income, rent and property purchases, the department issued notice u/s 148. In response, assessee filed return declaring income of about ₹4.14 crore, which was accepted in reassessment u/s 147 r.w.s. 144. However, AO initiated penalty u/s 270A for under-reporting of income and levie...