https://www.taxtmi.com/caselaws?id=781096 ITAT Ahmedabad allowed the appeal and deleted the penalty under section 270A(9). The tribunal found the assessee had fairly disclosed facts concerning capital gains and reinvestment, and the dispute arose from an erroneous calculation of the section 54F deduction rather than misrepresentation or suppression. The AO and CIT(A) failed to identify any specific subsection condition establishing misreporting under s.270A(9). Consequently the penalty for misreporting was held unsustainable and set aside. en-us Thu, 30 Oct 2025 00:00:00 +0530 Tue, 11 Nov 2025 08:20:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781096 ITAT Ahmedabad allowed the appeal and deleted the penalty under section 270A(9). The tribunal found the assessee had fairly disclosed facts concerning capital gains and reinvestment, and the dispute arose from an erroneous calculation of the section 54F deduction rather than misrepresentation or suppression. The AO and CIT(A) failed to identify any specific subsection condition establishing misreporting under s.270A(9). Consequently the penalty for misreporting was held unsustainable and set aside. Case-Laws Income Tax Thu, 30 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781096