https://www.taxtmi.com/highlights?id=73960 Levying of penalty u/s 270A - Reasonable belief in claiming deduction which was disallowed - In the present case, neither in the assessment order nor in the subsequent show-cause notices, the Assessing Officer has specified that the case of the petitioner-company is covered under which part of sub-section (9) of Section 270A of the Act. Even in the impugned order dated 31.03.2023 also, it is not specified that which part of sub-section (9) of Section 270A of the Act is attracted in the case of petitioner. - No penalty - HC en-us Thu, 04 Jan 2024 13:34:37 +0530 Thu, 04 Jan 2024 13:34:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73960 Levying of penalty u/s 270A - Reasonable belief in claiming deduction which was disallowed - In the present case, neither in the assessment order nor in the subsequent show-cause notices, the Assessing Officer has specified that the case of the petitioner-company is covered under which part of sub-section (9) of Section 270A of the Act. Even in the impugned order dated 31.03.2023 also, it is not specified that which part of sub-section (9) of Section 270A of the Act is attracted in the case of petitioner. - No penalty - HC Highlights Income Tax Thu, 04 Jan 2024 13:34:37 +0530 https://www.taxtmi.com/highlights?id=73960