https://www.taxtmi.com/caselaws?id=468846 Penalty for under-reporting of income under section 270A was held unsustainable where the assessee had originally disclosed the interest income correctly and the omission arose only when an incomplete return was uploaded while replying to a defect notice. The note records that the income had been consistently offered in earlier and subsequent years, the defect notice itself was based on non-furnishing of an audit report even though section 44AB was not applicable, and the assessee promptly tried to rectify the error. In the absence of material showing deliberate suppression, the omission was treated as a technological or inadvertent mistake, and the penalty order was set aside. en-us Tue, 11 Feb 2025 00:00:00 +0530 Fri, 22 May 2026 19:11:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468846 Penalty for under-reporting of income under section 270A was held unsustainable where the assessee had originally disclosed the interest income correctly and the omission arose only when an incomplete return was uploaded while replying to a defect notice. The note records that the income had been consistently offered in earlier and subsequent years, the defect notice itself was based on non-furnishing of an audit report even though section 44AB was not applicable, and the assessee promptly tried to rectify the error. In the absence of material showing deliberate suppression, the omission was treated as a technological or inadvertent mistake, and the penalty order was set aside. Case-Laws Income Tax Tue, 11 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468846