https://www.taxtmi.com/caselaws?id=445893 The ITAT Jodhpur allowed the assessee's appeal and deleted the penalty imposed u/s 270A for misreporting of income. The assessee had initially claimed deduction u/s 80G for donations without substantiating proof, later surrendering the claim during assessment proceedings with an apology. The tribunal found no evidence that the donation claim was bogus or non-genuine, noting the assessee provided trust details and voluntarily withdrew the claim. Since no additional tax or interest was payable and the AO accepted the revised computation without further investigation, the penalty was deemed unsustainable. en-us Fri, 11 Aug 2023 00:00:00 +0530 Tue, 21 Nov 2023 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445893 The ITAT Jodhpur allowed the assessee's appeal and deleted the penalty imposed u/s 270A for misreporting of income. The assessee had initially claimed deduction u/s 80G for donations without substantiating proof, later surrendering the claim during assessment proceedings with an apology. The tribunal found no evidence that the donation claim was bogus or non-genuine, noting the assessee provided trust details and voluntarily withdrew the claim. Since no additional tax or interest was payable and the AO accepted the revised computation without further investigation, the penalty was deemed unsustainable. Case-Laws Income Tax Fri, 11 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445893