https://www.taxtmi.com/caselaws?id=778096 HC held that penalties under s.270A arise from two limbs-unreported income and misreported income-and that immunity under s.270AA(3) is available for under-reporting except where circumstances in s.270A(9)(a)-(f) apply. Finding none of those circumstances on the facts (no misrepresentation, suppression, or specified book-entry/international transaction issues), the petitioner was entitled to immunity under s.270AA. The impugned order imposing penalty under s.270AA(4) was quashed and set aside. en-us Tue, 12 Aug 2025 00:00:00 +0530 Wed, 10 Sep 2025 08:39:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778096 HC held that penalties under s.270A arise from two limbs-unreported income and misreported income-and that immunity under s.270AA(3) is available for under-reporting except where circumstances in s.270A(9)(a)-(f) apply. Finding none of those circumstances on the facts (no misrepresentation, suppression, or specified book-entry/international transaction issues), the petitioner was entitled to immunity under s.270AA. The impugned order imposing penalty under s.270AA(4) was quashed and set aside. Case-Laws Income Tax Tue, 12 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778096