TaxTMI Login
AI OCR ✕Convert scanned orders, printed notices, PDFs and images into clean, searchable, editable text within seconds. Starting at 2 Credits/page
Try Now →Just a moment...
AI OCR ✕Convert scanned orders, printed notices, PDFs and images into clean, searchable, editable text within seconds. Starting at 2 Credits/page
Try Now →
Press 'Enter' to add multiple search terms. Rules for Better Search
Use comma for multiple locations.
---------------- For section wise search only -----------------
Accuracy Level ~ 90%
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Case Laws
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of Press 'Enter' after typing page number.
Issues: Whether penalty levied under section 270A of the Income-tax Act, 1961 could survive after the quantum additions on which it was based were deleted in the assessee's quantum appeal.
Analysis: The penalty was founded entirely on the addition made under section 56(2)(x) of the Income-tax Act, 1961. The quantum order in the assessee's own case had already deleted the additions, thereby removing the basis for alleging under-reporting or misreporting. Once the foundation addition no longer survived, the penalty could not be independently sustained.
Conclusion: The penalty under section 270A of the Income-tax Act, 1961 was unsustainable and was quashed in favour of the assessee.
TaxTMI 
TaxTMI 
