S S R S MEM EDU Society Vs. Assistant Commissioner of Income-Tax

Parties Involved

Facts Summary

This appeal by the assessee is directed against the order of Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi [in short ‘the CIT(A)’] dated 17.03.2025, for AY 2018-19, confirming levy of penalty u/s.270A of the Income Tax Act, 1961. The Assessing Officer (AO) vide order dated 25.01.2022 passed u/s.270A of the Act has levied penalty of 200% of tax payable on under reported income. The AO has levied penalty for mis-reporting of income under sub-section (8) to section 270A of the Act.…

Legal Issues

• 1. Levy of penalty u/s.270A of the Income Tax Act, 1961 for misreporting of income.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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