| Question And Answer | |
|---|---|
| Subject: | Penalty u/s 270A |
| Category: | Income-Tax |
| Querist: | Mukesh Sinha |
| Answered by: | Advocate Shashi Ashok Bekal |
| Tags: | penalty, under reporting |
| Date: | September 6, 2023 |
Is levy of penalty is justifiable on disallowance u/s 36(1)(va) after terming it as Under reporting of income.
It may be contested that as there were diverging views from different High Courts (Also check the position of the Jurisdictional High Court), the issue being a debatable one, a penalty cannot be imposed.
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