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Penalty Order On Ground Of Misreporting Of Income Not Justified When SCN And Assessment Order Alleged Under-Reporting: ITAT

The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has held that the penalty order on the ground of misreporting of income was not justified when show cause notice and the assessment order. ....

Andhra Pradesh , Hyderabad Bench , Income Tax Appellate Tribunal , Laliet Kumar , Judicial Member , Assessing Officer , Income Tax Act , For Appellant , Penalty Order , Assessment Order , Under Reporting ,

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Bona Fide Non-Offering Of Interest On Income Tax Refund While Filing ITR Does Not Amount To Under-Reporting Of Income: ITAT

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the explanation of the assessee for not offering the interest on income tax refund while filing its return of income is bona. ....

Sandeep Singh Karhail , Mumbai Bench , Income Tax Appellate Tribunal , Judicial Member , Amarjit Singh , Accountant Member , Income Tax , For Appellant , Income Tax , Under Reporting ,

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