https://www.taxtmi.com/highlights?id=71369 Penalty proceedings u/s. 270A - Additions made u/s 43CA r.w.s. 56 (2) (x) i.e. deeming sections - There is not even a whisper as to which limb of section 270A of the Act is attracted and how the ingredient of sub-section (9) of section 270A is satisfied. - Mere reference to the word "misreporting" by the Revenue in the assessment order, for imposition of penalty makes the impugned order manifestly arbitrary. - AT en-us Tue, 08 Aug 2023 07:56:36 +0530 Tue, 08 Aug 2023 16:35:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71369 Penalty proceedings u/s. 270A - Additions made u/s 43CA r.w.s. 56 (2) (x) i.e. deeming sections - There is not even a whisper as to which limb of section 270A of the Act is attracted and how the ingredient of sub-section (9) of section 270A is satisfied. - Mere reference to the word "misreporting" by the Revenue in the assessment order, for imposition of penalty makes the impugned order manifestly arbitrary. - AT Highlights Income Tax Tue, 08 Aug 2023 07:56:36 +0530 https://www.taxtmi.com/highlights?id=71369