https://www.taxtmi.com/caselaws?id=792005 Penalty under section 272A(1)(d) is not sustainable where the assessee seeks adjournments, later furnishes the information called for under section 142(1), and the conduct shows substantial compliance rather than wilful defiance. Penalty under section 270A is also not leviable where under-reporting arises from a bona fide computational error in house property income, the assessee has disclosed the relevant co-ownership, licence, rental and bank details, and the mistake is admitted and corrected during assessment. The governing principle is that penalty provisions do not apply to technical or venial lapses, or to transparent and bona fide errors made without concealment or contumacious conduct. en-us Mon, 18 May 2026 00:00:00 +0530 Thu, 21 May 2026 08:30:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792005 Penalty under section 272A(1)(d) is not sustainable where the assessee seeks adjournments, later furnishes the information called for under section 142(1), and the conduct shows substantial compliance rather than wilful defiance. Penalty under section 270A is also not leviable where under-reporting arises from a bona fide computational error in house property income, the assessee has disclosed the relevant co-ownership, licence, rental and bank details, and the mistake is admitted and corrected during assessment. The governing principle is that penalty provisions do not apply to technical or venial lapses, or to transparent and bona fide errors made without concealment or contumacious conduct. Case-Laws Income Tax Mon, 18 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792005