https://www.taxtmi.com/caselaws?id=443812 The Tribunal allowed the appeal, directing the Assessing Officer to delete the penalty imposed under section 270A of the Income Tax Act, 1961. The Tribunal found that the misreporting of income was not intentional and that the appellant's computation of loss did not constitute underreporting as it was not set off against any other income. The order was pronounced on 27th September 2023. en-us Wed, 27 Sep 2023 00:00:00 +0530 Tue, 03 Oct 2023 08:39:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443812 The Tribunal allowed the appeal, directing the Assessing Officer to delete the penalty imposed under section 270A of the Income Tax Act, 1961. The Tribunal found that the misreporting of income was not intentional and that the appellant's computation of loss did not constitute underreporting as it was not set off against any other income. The order was pronounced on 27th September 2023. Case-Laws Income Tax Wed, 27 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443812