https://www.taxtmi.com/highlights?id=102509 A bona fide deduction claim under section 80P(2)(a)(i), previously accepted in scrutiny assessment and rectification proceedings, was not treated as under-reported income in the stated circumstances. The notes state that section 270A(1) uses "may", requiring consideration of the full circumstances rather than automatic penalty. They further state that a penalty notice and order referring only generally to section 270A, without specifying the applicable sub-clause or limb, cannot sustain the penalty. The reported conclusion is that the penalty for under-reporting was deleted. en-us Sat, 08 Aug 2026 10:28:08 +0530 Sat, 08 Aug 2026 10:28:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=102509 A bona fide deduction claim under section 80P(2)(a)(i), previously accepted in scrutiny assessment and rectification proceedings, was not treated as under-reported income in the stated circumstances. The notes state that section 270A(1) uses "may", requiring consideration of the full circumstances rather than automatic penalty. They further state that a penalty notice and order referring only generally to section 270A, without specifying the applicable sub-clause or limb, cannot sustain the penalty. The reported conclusion is that the penalty for under-reporting was deleted. Highlights Income Tax Sat, 08 Aug 2026 10:28:08 +0530 https://www.taxtmi.com/highlights?id=102509