Held that difference between interest income offered to tax and income reported in Form No. 26AS and denial of exemption. Penalty is deleted. (AY.2017-18)
Ravindra Madhukar Kharche v.ACIT (2024) 229 TTJ 530 / 237 DTR 281 / 38 NYPTTJ 525 / 161 taxmann.com 712 (Nagpur)(Trib)
S. 270A:Penalty for under-reporting and misreporting of income-Difference between interest income offered to tax and income reported in Form No. 26AS-Disallowance of exemption-Penalty is deleted. [S.10(10), Form No 26AS]
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