https://www.taxtmi.com/caselaws?id=790245 Penalty under section 270A was unsustainable where the reassessment addition forming its basis had been deleted in quantum proceedings and the assessed income stood aligned with the returned income. The underlying salary amount had already been disclosed and subjected to TDS, and the return filed in response to notice under section 148 was to receive credit for that TDS. Once the foundation addition was removed, the condition for under-reporting, namely assessed income exceeding returned income, was not met. As consequential proceedings, the penalty could not survive independently of the deleted substantive addition. en-us Fri, 17 Apr 2026 00:00:00 +0530 Wed, 22 Apr 2026 08:47:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790245 Penalty under section 270A was unsustainable where the reassessment addition forming its basis had been deleted in quantum proceedings and the assessed income stood aligned with the returned income. The underlying salary amount had already been disclosed and subjected to TDS, and the return filed in response to notice under section 148 was to receive credit for that TDS. Once the foundation addition was removed, the condition for under-reporting, namely assessed income exceeding returned income, was not met. As consequential proceedings, the penalty could not survive independently of the deleted substantive addition. Case-Laws Income Tax Fri, 17 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790245