#Section 270A
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670 articlesIncome Tax

Income Tax
200% Sec 270A Penalty Valid; Wrong VI-A deduction Misreporting; 270AA Immunity Denied
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ITAT Hyderabad Deletes Sec 56(2)(viib) Addition; AO Cannot Alter Assessee’s DCF Valuation
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Penalty U/s 270A Deleted – Bona Fide Explanation Tax Covered by TDS
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Penalty u/s 270A Deleted – Immunity u/s 270AA Allowed Despite Procedural Lapse: ITAT Chennai
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Penalty u/s 270A on PF/ESI Disallowance Deleted – Mere Disallowance Not Misreporting: ITAT Chennai
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Depreciation on Slump-Sale Goodwill Allowed – Goodwill held as Bundle of Commercial Rights; FA 2021 Amendment not Applicable to AY 2018-19
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Commission income earned by Booking.com not taxable in India
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Telangana HC Dismisses Writ as Section 139(8A) Bars Updated Return During Pending Assessment
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Notices u/s 148 issued by JAO was invalid due to mandatory faceless procedure u/s 151A
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Controlled Cant Benchmark Controlled – Pro-Rata Commission TP Struck Down
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Co-founder of Flipkart stayed in India for 141 days hence was Indian national for relevant period
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No 270A Penalty Where Income Is Based on Gross Profit Estimation: ITAT Ranchi
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Section 43CA Relief for Marginal Variations: ITAT Mumbai Applies 10% Tolerance Retrospectively and Orders DVO Reference
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