Penalty u/s 270A - “under reporting” of the income - The ...

Income Tax

October 21, 2023

Penalty u/s 270A - “under reporting” of the income - The assessee has not under reported any income. The addition has arisen on account of change in head of income. We notice that the assessee has offered an explanation as to why it reported the rental income under the head Income from House property and the said explanation is not found to be false. - No penalty - AT

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Penalty u/s 270A - “under reporting” of the income - The ...

Income Tax

October 21, 2023

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