https://www.taxtmi.com/highlights?id=72054 Levy of penalty u/s 270A - Failure to offer the interest on income tax refund subject to tax - the explanation of the assessee for not offering the interest on income tax refund while filing its return of income is bona fide, and thus, the non-declaration of interest on income tax refund cannot be said to be under-reporting of income by the assessee within the meaning of section 270A of the Act. - AT en-us Sat, 16 Sep 2023 21:35:10 +0530 Sat, 16 Sep 2023 21:35:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=72054 Levy of penalty u/s 270A - Failure to offer the interest on income tax refund subject to tax - the explanation of the assessee for not offering the interest on income tax refund while filing its return of income is bona fide, and thus, the non-declaration of interest on income tax refund cannot be said to be under-reporting of income by the assessee within the meaning of section 270A of the Act. - AT Highlights Income Tax Sat, 16 Sep 2023 21:35:10 +0530 https://www.taxtmi.com/highlights?id=72054