https://www.taxtmi.com/caselaws?id=467357 Penalty treatment for disallowed surcharge and cess was considered in light of the statutory under reporting and immunity mechanisms: a bona fide, judicially supported claim that was voluntarily withdrawn and followed by timely filing of the prescribed application and payment engages the proviso to the under reporting deeming rule and the immunity pathway, excluding penalty where conditions are met. Absent specification or proof of the distinct misreporting ingredients, initiation and imposition of penalty under the misreporting limb is procedurally and substantively unsustainable, resulting in deletion of the penalty on the facts described. en-us Mon, 24 Nov 2025 00:00:00 +0530 Fri, 13 Mar 2026 17:53:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467357 Penalty treatment for disallowed surcharge and cess was considered in light of the statutory under reporting and immunity mechanisms: a bona fide, judicially supported claim that was voluntarily withdrawn and followed by timely filing of the prescribed application and payment engages the proviso to the under reporting deeming rule and the immunity pathway, excluding penalty where conditions are met. Absent specification or proof of the distinct misreporting ingredients, initiation and imposition of penalty under the misreporting limb is procedurally and substantively unsustainable, resulting in deletion of the penalty on the facts described. Case-Laws Income Tax Mon, 24 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467357