https://www.taxtmi.com/forum/issue?id=119703 Reassessment under section 147 led to a return under section 148 showing additional interest income on an accrual basis. The AO treated the full difference between the original return and the revised return as under-reported income for misreporting and initiated penalty proceedings, while the assessee argues penalty should be limited to the specific addition confirmed in scrutiny. en-us Tue, 11 Mar 2025 12:46:28 +0530 Sat, 12 Apr 2025 11:40:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119703 Reassessment under section 147 led to a return under section 148 showing additional interest income on an accrual basis. The AO treated the full difference between the original return and the revised return as under-reported income for misreporting and initiated penalty proceedings, while the assessee argues penalty should be limited to the specific addition confirmed in scrutiny. Discussion-Forum Income Tax Tue, 11 Mar 2025 12:46:28 +0530 https://www.taxtmi.com/forum/issue?id=119703