https://www.taxtmi.com/caselaws?id=779490 ITAT DELHI - AT held that penalty under section 270A for alleged under-reporting was not leviable. Relying on existing High Court and SC precedents available at the time of filing and the principle against retrospective penal liability, and noting the taxpayer voluntarily withdrew the disputed deduction for education cess within the Rule 132 period, the tribunal directed deletion of the penalty and allowed the grounds raised by the taxpayer. en-us Wed, 22 Jan 2025 00:00:00 +0530 Tue, 07 Oct 2025 08:30:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779490 ITAT DELHI - AT held that penalty under section 270A for alleged under-reporting was not leviable. Relying on existing High Court and SC precedents available at the time of filing and the principle against retrospective penal liability, and noting the taxpayer voluntarily withdrew the disputed deduction for education cess within the Rule 132 period, the tribunal directed deletion of the penalty and allowed the grounds raised by the taxpayer. Case-Laws Income Tax Wed, 22 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779490