https://www.taxtmi.com/caselaws?id=471695 Section 270A permits the enhanced 200% penalty for under-reported income only where misreporting is established within one of the exhaustive categories specified for that purpose. Disallowance of a deduction claimed for political contributions does not by itself establish misreporting. Where the assessment does not identify and prove the applicable statutory instance of misreporting, the enhanced penalty is unsustainable and must be deleted. Penal provisions require strict interpretation, preventing a higher penalty from being imposed merely because a deduction claim has been disallowed. en-us Thu, 04 Jun 2026 00:00:00 +0530 Mon, 14 Sep 2026 19:03:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471695 Section 270A permits the enhanced 200% penalty for under-reported income only where misreporting is established within one of the exhaustive categories specified for that purpose. Disallowance of a deduction claimed for political contributions does not by itself establish misreporting. Where the assessment does not identify and prove the applicable statutory instance of misreporting, the enhanced penalty is unsustainable and must be deleted. Penal provisions require strict interpretation, preventing a higher penalty from being imposed merely because a deduction claim has been disallowed. Case-Laws Income Tax Thu, 04 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471695