https://www.taxtmi.com/caselaws?id=468846 Penalty for under-reporting of income was not sustainable where interest income had been correctly declared in the original return and consistently offered in other years. An incomplete return uploaded in response to a defect notice omitted the interest amount from the relevant schedule, although the income remained disclosed in the return papers. The defect notice incorrectly proceeded on the basis that a tax audit report was required despite the inapplicability of the tax-audit provisions. Prompt rectification efforts and the absence of evidence of deliberate suppression established that the omission resulted from a technological or inadvertent error, rather than conscious under-reporting. 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 was not sustainable where interest income had been correctly declared in the original return and consistently offered in other years. An incomplete return uploaded in response to a defect notice omitted the interest amount from the relevant schedule, although the income remained disclosed in the return papers. The defect notice incorrectly proceeded on the basis that a tax audit report was required despite the inapplicability of the tax-audit provisions. Prompt rectification efforts and the absence of evidence of deliberate suppression established that the omission resulted from a technological or inadvertent error, rather than conscious under-reporting. Case-Laws Income Tax Tue, 11 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468846