https://www.taxtmi.com/highlights?id=103594 Penalty for misreporting under section 270A is addressed in relation to a disallowed deduction for political contributions under section 80GGC. Disallowance of a transparently disclosed claim, without material showing false evidence, suppression of facts or deliberate misrepresentation, does not by itself establish misreporting. Penalty proceedings must also identify the applicable limb of section 270A(9); failure to specify that statutory basis makes a penalty for under-reporting arising from misreporting unsustainable. On these grounds, the section 270A penalty was deleted, although other objections to the penalty proceedings failed. en-us Wed, 09 Sep 2026 19:00:13 +0530 Wed, 09 Sep 2026 19:00:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=103594 Penalty for misreporting under section 270A is addressed in relation to a disallowed deduction for political contributions under section 80GGC. Disallowance of a transparently disclosed claim, without material showing false evidence, suppression of facts or deliberate misrepresentation, does not by itself establish misreporting. Penalty proceedings must also identify the applicable limb of section 270A(9); failure to specify that statutory basis makes a penalty for under-reporting arising from misreporting unsustainable. On these grounds, the section 270A penalty was deleted, although other objections to the penalty proceedings failed. Highlights Income Tax Wed, 09 Sep 2026 19:00:13 +0530 https://www.taxtmi.com/highlights?id=103594