https://www.taxtmi.com/caselaws?id=472461 Penalty for misreporting under section 270A requires material showing that the taxpayer falls within a specified category of misreporting; withdrawal of a previously disclosed section 80GGC deduction after reassessment does not alone establish misreporting. A banking-channel donation, full disclosure in the original return, and the absence of taxpayer-specific evidence of false entries, suppressed receipts, false evidence, or cash-back supported a bona fide explanation and the protection under section 270A(6)(a). An unintentional omission of bond-interest income was likewise not shown to be deliberate misreporting. The section 270A penalty was therefore deleted. en-us Fri, 24 Jul 2026 00:00:00 +0530 Tue, 13 Oct 2026 13:41:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472461 Penalty for misreporting under section 270A requires material showing that the taxpayer falls within a specified category of misreporting; withdrawal of a previously disclosed section 80GGC deduction after reassessment does not alone establish misreporting. A banking-channel donation, full disclosure in the original return, and the absence of taxpayer-specific evidence of false entries, suppressed receipts, false evidence, or cash-back supported a bona fide explanation and the protection under section 270A(6)(a). An unintentional omission of bond-interest income was likewise not shown to be deliberate misreporting. The section 270A penalty was therefore deleted. Case-Laws Income Tax Fri, 24 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472461