https://www.taxtmi.com/caselaws?id=794526 Penalty under section 270A is not justified where a return filed in response to section 148 is accepted without any addition or disallowance, the income is fully disclosed and verifiable, and no concealment, escapement, or tax evasion is shown. The Tribunal's discussion treats delayed filing by itself as insufficient for under-reporting when the assessee gives a bona fide explanation, supported by medical records, for the original non-filing. On those facts, the penalty was deleted because the assessed income matched the returned income and the default was found to be bona fide rather than culpable. en-us Tue, 30 Jun 2026 00:00:00 +0530 Tue, 07 Jul 2026 08:39:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794526 Penalty under section 270A is not justified where a return filed in response to section 148 is accepted without any addition or disallowance, the income is fully disclosed and verifiable, and no concealment, escapement, or tax evasion is shown. The Tribunal's discussion treats delayed filing by itself as insufficient for under-reporting when the assessee gives a bona fide explanation, supported by medical records, for the original non-filing. On those facts, the penalty was deleted because the assessed income matched the returned income and the default was found to be bona fide rather than culpable. Case-Laws Income Tax Tue, 30 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794526