The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench set aside a penalty imposed for “misreporting of income” under Section 270A(9) of the Income Tax Act, ruling that an incorrect computation of deduction under Section 54F does not amount to misrepresentation or suppression of facts. The bench of Siddhartha Nautiyal (Judicial Member) and Annapurna Gupta (Accountant…
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Incorrect Computation Of Deduction U/s 54F Doesn’t Amount To Misrepresentation Or Suppression Of Facts: ITAT
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.
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