https://www.taxtmi.com/caselaws?id=800103 Penalty for under-reporting or misreporting income is not sustainable where reasonable cause explains the failure to file an original return and no deliberate omission is shown. Personal hardship, divorce proceedings, unemployment during the COVID-19 period, and the visibility of salary income through tax deduction at source supported a bona fide explanation. Filing the return after a reassessment notice, payment of tax and interest, and acceptance of the returned income without variation supported deletion of the penalty. en-us Fri, 18 Sep 2026 00:00:00 +0530 Thu, 01 Oct 2026 07:40:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800103 Penalty for under-reporting or misreporting income is not sustainable where reasonable cause explains the failure to file an original return and no deliberate omission is shown. Personal hardship, divorce proceedings, unemployment during the COVID-19 period, and the visibility of salary income through tax deduction at source supported a bona fide explanation. Filing the return after a reassessment notice, payment of tax and interest, and acceptance of the returned income without variation supported deletion of the penalty. Case-Laws Income Tax Fri, 18 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800103