https://www.taxtmi.com/highlights?id=70258 Penalty levied u/s 270A - misreporting of income - Since AO failed to bring the addition/disallowance he made in quantum assessment, under the ken of (a) to (f) of the sub-section(9) of section 270A of the Act, the penalty levied for misreporting @ 200% cannot be sustained because it is trite law that penalty provisions have to be strictly interpreted. - AT en-us Sat, 10 Jun 2023 11:44:09 +0530 Sat, 10 Jun 2023 11:44:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=70258 Penalty levied u/s 270A - misreporting of income - Since AO failed to bring the addition/disallowance he made in quantum assessment, under the ken of (a) to (f) of the sub-section(9) of section 270A of the Act, the penalty levied for misreporting @ 200% cannot be sustained because it is trite law that penalty provisions have to be strictly interpreted. - AT Highlights Income Tax Sat, 10 Jun 2023 11:44:09 +0530 https://www.taxtmi.com/highlights?id=70258