https://www.taxtmi.com/caselaws?id=792982 Penalty under section 270A was held unsustainable where the assessee withdrew the disputed deduction in the return filed after notice under section 148, offered the corresponding income, and the assessment was completed without any addition on that account. On those facts, there was no surviving basis to treat the matter as under-reporting or misreporting of income. The stated effect was that the penalty did not survive. en-us Thu, 04 Jun 2026 00:00:00 +0530 Sat, 06 Jun 2026 08:42:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792982 Penalty under section 270A was held unsustainable where the assessee withdrew the disputed deduction in the return filed after notice under section 148, offered the corresponding income, and the assessment was completed without any addition on that account. On those facts, there was no surviving basis to treat the matter as under-reporting or misreporting of income. The stated effect was that the penalty did not survive. Case-Laws Income Tax Thu, 04 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792982