ITAT Allows Appeal Directs Deletion of Rs 5.67 Lakh Penalty Under Section 270A

MLA Claimed Full Set-Off of Rs. 36.04 Lakh House Property Loss Under Newly Introduced Provision; ITAT Deletes Rs. 5.67 Lakh Penalty for Bona Fide Error The Income Tax Appellate Tribunal (ITAT), Bengaluru Bench, has allowed the appeal filed by Mr. Uday Garudachar, a sitting MLA in a case relating to penalty under Section 270A of…