https://www.taxtmi.com/caselaws?id=780436 ITAT PUNE - AT upheld penalty under section 270A, finding the assessee intentionally concealed income by wrongfully claiming Chapter VI-A deductions and filing a revised return only after departmental detection. The tribunal agreed with CIT(A)/NFAC that the concealment was deliberate, the assessee did not voluntarily correct the return, and no reasonable explanation or good faith was shown to avoid penalty under section 270A(9). Consequently the penalty was sustained and the assessee's grounds dismissed. en-us Mon, 27 Oct 2025 00:00:00 +0530 Thu, 30 Oct 2025 08:22:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780436 ITAT PUNE - AT upheld penalty under section 270A, finding the assessee intentionally concealed income by wrongfully claiming Chapter VI-A deductions and filing a revised return only after departmental detection. The tribunal agreed with CIT(A)/NFAC that the concealment was deliberate, the assessee did not voluntarily correct the return, and no reasonable explanation or good faith was shown to avoid penalty under section 270A(9). Consequently the penalty was sustained and the assessee's grounds dismissed. Case-Laws Income Tax Mon, 27 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780436