https://www.taxtmi.com/highlights?id=27689 Insertion of new section 270A - Penalty for underreporting and misreporting of income. - the cases of under-reported income falling under misreporting of income shall be liable for penalty at the rate of two hundred per cent. of the tax payable on such misreported income. en-us Wed, 02 Mar 2016 15:59:32 +0530 Wed, 02 Mar 2016 15:59:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=27689 Insertion of new section 270A - Penalty for underreporting and misreporting of income. - the cases of under-reported income falling under misreporting of income shall be liable for penalty at the rate of two hundred per cent. of the tax payable on such misreported income. Highlights Bill Wed, 02 Mar 2016 15:59:32 +0530 https://www.taxtmi.com/highlights?id=27689