https://www.taxtmi.com/highlights?id=104994 Enhanced penalty for misreporting under section 270A requires proof from the assessee's own conduct that it misrepresented or suppressed facts or furnished false particulars. Mere disallowance of a deduction for political contributions under section 80GGC does not establish misreporting where the claim and banking-channel payment were disclosed and not disproved. General investigation findings concerning the recipient political party cannot replace an independent penalty inquiry. The penalty for alleged misreporting was deleted. en-us Thu, 15 Oct 2026 05:44:05 +0530 Thu, 15 Oct 2026 05:44:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=104994 Enhanced penalty for misreporting under section 270A requires proof from the assessee's own conduct that it misrepresented or suppressed facts or furnished false particulars. Mere disallowance of a deduction for political contributions under section 80GGC does not establish misreporting where the claim and banking-channel payment were disclosed and not disproved. General investigation findings concerning the recipient political party cannot replace an independent penalty inquiry. The penalty for alleged misreporting was deleted. Highlights Income Tax Thu, 15 Oct 2026 05:44:05 +0530 https://www.taxtmi.com/highlights?id=104994