2025 (1) TMI 1634

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.... CIT (Appeals) has grossly erred in confirming the penalty levied u/s 270A(9) of the Income Tax Act of Rs 12,75,924/- on the ground that the Appellant has misreported his income for the year it is submitted that the Appellant has neither underreported nor misreported his income and thus invoking of provisions u/s 270A(9) of the Act is completely illegal and unjustifiable. In view of this, the impugned penalty levied on account of misreporting of income Rs 12,75,924/- deserves to be deleted. The same be held now 2. The Learned CIT (Appeals) has erred in facts and on law in confirming the penalty levied on aground that the Appellant has suppress the fact by not filing Original ITR. It is submitted that the Original ITR could not be f....

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....d in case of Appellant for under reporting of income as provided under Section 270A(7) of the Act and the remaining penalty levied kindly be deleted accordingly. 5. The Order passed by the learned CIT(A) is bad in law and contrary to the provisions of law and facts. It is submitted that the same be held so now. 6. Your appellant craves leave to add, alter and/or to amend all or any of the grounds before the final hearing of appeal. 3. Facts relevant for adjudication of the core issue are that the assessee did not file his return of income for AY 2018-10. The assessee is a salaried person working in Tata Power Company Ltd. The assessee had been credited substantial amount as reflected from TDS statements u/s.192 during t....