Section 270A Penalty is not automatic & necessitate a substantial misrepresentation or suppression of facts

Kannappan Vijayalakshmi Vs ITO (ITAT Chennai)

The recent judgment by the ITAT Chennai in the case of Kannappan Vijayalakshmi vs ITO offers insightful perspectives on the levy of penalties under section 270A(9)(a) of the Act. The case revolved around the levy of a penalty under section 270A for an amount of Rs. 4.12 Lacs for the Assessment Year 2016-17. The penalty was confirmed by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi, leading the assessee to further appeal.

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