{"id":44961,"date":"2024-08-10T15:01:27","date_gmt":"2024-08-10T09:31:27","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=44961"},"modified":"2024-08-10T15:01:27","modified_gmt":"2024-08-10T09:31:27","slug":"applicability-of-sec-270a","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/applicability-of-sec-270a\/","title":{"rendered":"Applicability of Sec.270A"},"content":{"rendered":"<p>The assessee had not filed the ITR for the AY.2019-20 either u\/s 139 or in response to notice u\/s 148. In the assessment major addition of Rs.58,00,000\/- was made under 69A and penalty u\/s 271AAC was levied on it. In addition to this bank interest of Rs.12,000\/- was added and penalty notice\u00a0 u\/s 270A issued twards under reporting of income. In such cases what is the under reporting income , whether it is Rs.58,12,000\/- or Rs.12,000\/- . If it is Rs.58,12,000\/- the penalty u\/s 271AAC was already charged on Rs.58,00,000\/- and charging again u\/s 270A is not tenable, because the assessee gets immunity on such income u\/s 270AA(2) of the IT Act. Then how to calculate tax on under reporting income of Rs.12,000\/- ?<\/p>\n<p>Q2. The disallowance of deductions claimed u\/s 54 and 80P on technical reasons of delay in filing the ITR etc in the assesssment and arriving under reporting of income thereon gets any immunity from levying penalty u\/s 270A?<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[],"qa_category":[23],"qa_tag":[436],"class_list":["post-44961","qa","type-qa","status-publish","hentry","qa_category-income-tax","qa_tag-section-270a"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/44961","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=44961"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=44961"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=44961"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=44961"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=44961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}