Held that the assessee has suppressed his gross total income by declaring lower than that recorded in Form No. 16 and overstated under Chapter VI-A. No explanation is offered. Penalty at 200 per cent is confirmed as per section 270A(9) of the Act. (AY. 2017-18, 2018-19)
Sanjeev Kumar Manchand Rajput v. ITO (2023) 224 TTJ 899 (Pune)(Trib)
S. 270A : Penalty for under-reporting and misreporting of income-Excess claim of deduction-Penalty is confirmed at 200 per cent. [S. 270A(9)]