https://www.taxtmi.com/caselaws?id=783979 Penalty for alleged misreporting of income could not be sustained where the Revenue failed to establish conduct falling within section 270A(9). The assessee had disclosed the purchase return and filed Form 68 with tax and interest, and the dispute arose only from a disagreement over the explanation offered in assessment. Mere non-acceptance of that explanation did not amount to misrepresentation or suppression of facts. On that basis, the case was not shown to fall within section 270A(9), immunity under section 270AA could not be denied, and the penalty demand was deleted. en-us Tue, 23 Dec 2025 00:00:00 +0530 Wed, 24 Dec 2025 13:07:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783979 Penalty for alleged misreporting of income could not be sustained where the Revenue failed to establish conduct falling within section 270A(9). The assessee had disclosed the purchase return and filed Form 68 with tax and interest, and the dispute arose only from a disagreement over the explanation offered in assessment. Mere non-acceptance of that explanation did not amount to misrepresentation or suppression of facts. On that basis, the case was not shown to fall within section 270A(9), immunity under section 270AA could not be denied, and the penalty demand was deleted. Case-Laws Income Tax Tue, 23 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783979