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Tag: Section 264

HC Quashes Penalty u/s 270A; Holds No “Under-Reporting” Where Addition Already Made in Intimation

HC Quashes Penalty u/s 270A; Holds No “Under-Reporting” Where Addition Already Made in Intimation | Biz Flow Kit

3 April, 2026 admin 0 Comments Income Tax 6:30 pm

[ad_1] HC Quashes Penalty u/s 270A where claim was based on binding jurisdictional precedent at time of ITR filingThe petitioner, GM Modular Private Limited, filed its return for AY 2019-20 declaring income of Rs. 70.11…

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