Assessee is not entitled to Section 270AA penalty immunity in cases involving misreporting of income.
Assessee is not entitled to Section 270AA penalty immunity in cases involving misreporting of income. Issue Whether an assessee is entitled to immunity from penalty under Section 270AA of the Income-tax Act, 1961 (corresponding to Section 440 of the Income-tax Act, 2025) when penalty proceedings under Section 270A are initiated for ‘under-reporting of income in… Read More »