https://www.taxtmi.com/caselaws?id=435164 The Tribunal allowed the appeal, quashing the penalty order under section 270A and directing immunity under section 270AA. It emphasized that disallowance under section 14A, with disclosed facts, does not constitute misreporting, thus penalties should not apply. en-us Wed, 08 Feb 2023 00:00:00 +0530 Mon, 13 Mar 2023 17:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435164 The Tribunal allowed the appeal, quashing the penalty order under section 270A and directing immunity under section 270AA. It emphasized that disallowance under section 14A, with disclosed facts, does not constitute misreporting, thus penalties should not apply. Case-Laws Income Tax Wed, 08 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435164