Additional tax paid under section 140B(3A) will not be used as basis for penalty under section 270A. The amendment provides that income on which additional income-tax is paid pursuant to the separate adjustment mechanism shall not form the basis for imposition of penalty for under reporting or misreporting; this exclusion operates retrospectively from 1 March 2026.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Additional tax paid under section 140B(3A) will not be used as basis for penalty under section 270A.
The amendment provides that income on which additional income-tax is paid pursuant to the separate adjustment mechanism shall not form the basis for imposition of penalty for under reporting or misreporting; this exclusion operates retrospectively from 1 March 2026.
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