| Question And Answer | |
|---|---|
| Subject: | 270A |
| Category: | Income-Tax |
| Querist: | CA Govind Agrawal |
| Answered by: | Law Intern |
| Tags: | misreporting of income, penalty under-reporting and misreporting, Section 270A |
| Date: | June 25, 2025 |
The Ld AO has initiated penalty proceedings u/s 270A and the operating para reads as under:-
” Whereas in the course of proceedings for the Assessment Year 2019-20, it appears that you have under-reported income which is in consequence of misreporting thereof as per details given in the assessment order.”
Whether the same is considered to be under reporting or misreporting of income?
This will be considered to be “misreporting of income” under Section 270A because the AO has made a specific reference to “misreporting” in the operating paragraph.
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