Penalty Imposed for Misreporting Unaccounted Rental Income u/s 270A; 200% Tax Penalty Deemed Appropriate by AO.

Penalty Imposed for Misreporting Unaccounted Rental Income u/s 270A; 200% Tax Penalty Deemed Appropriate by AO. https://www.taxtmi.com/highlights?id=68698 Penalty proceedings u/s.270A - unaccounted rental income - it is a case of misreporting of income as per provisions of Sec.270A(9) of the Act, and the AO has rightly levied penalty @200% of the amount of tax payable - AT en-us Mon, 13 Mar 2023 08:40:36 +0530 Mon, 13 Mar 2023 08:40:36 +0530 TaxTMI RSS Generator Penalty Imposed for Misreporting Unaccounted Rental Income u/s 270A; 200% Tax Penalty Deemed Appropriate by AO. https://www.taxtmi.com/highlights?id=68698 Penalty proceedings u/s.270A - unaccounted rental income - it is a case of misreporting of income as per provisions of Sec.270A(9) of the Act, and the AO has rightly levied penalty @200% of the amount of tax payable - AT Highlights Income Tax Mon, 13 Mar 2023 08:40:36 +0530 https://www.taxtmi.com/highlights?id=68698