https://www.taxtmi.com/caselaws?id=801767 Section 270A(6)(a) excludes amounts from under-reported income where the taxpayer provides a bona fide explanation and fully discloses material facts. A legally plausible indexation method for long-term capital loss, supported transfer expenses, and disclosed property-transaction details do not become false claims merely because complete substantiation was unavailable during assessment or the quantum adjustment was not challenged. An inadvertent omission of insignificant refund interest similarly does not establish misreporting. The disclosed amounts fell within the statutory exception, resulting in deletion of the under-reporting penalty. en-us Fri, 11 Sep 2026 00:00:00 +0530 Tue, 27 Oct 2026 08:33:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801767 Section 270A(6)(a) excludes amounts from under-reported income where the taxpayer provides a bona fide explanation and fully discloses material facts. A legally plausible indexation method for long-term capital loss, supported transfer expenses, and disclosed property-transaction details do not become false claims merely because complete substantiation was unavailable during assessment or the quantum adjustment was not challenged. An inadvertent omission of insignificant refund interest similarly does not establish misreporting. The disclosed amounts fell within the statutory exception, resulting in deletion of the under-reporting penalty. Case-Laws Income Tax Fri, 11 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801767