https://www.taxtmi.com/caselaws?id=799670 Penalty for misreporting of income under section 270A(9) does not arise merely because employees' PF/ESI contributions are disallowed on a technical basis. Where the taxpayer disclosed the payments and all related particulars in its records and tax audit report, and no material establishes suppression or misrepresentation of income, rejection of the claim does not constitute misreporting. The penalty was therefore unsustainable. en-us Wed, 16 Sep 2026 00:00:00 +0530 Fri, 25 Sep 2026 08:16:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799670 Penalty for misreporting of income under section 270A(9) does not arise merely because employees' PF/ESI contributions are disallowed on a technical basis. Where the taxpayer disclosed the payments and all related particulars in its records and tax audit report, and no material establishes suppression or misrepresentation of income, rejection of the claim does not constitute misreporting. The penalty was therefore unsustainable. Case-Laws Income Tax Wed, 16 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799670