Disallowance of a deduction does not automatically lead to misreporting of income
October 23, 2026
Income Tax, ITAT
A claim of deduction made in return, even if found inadmissible, does not automatically lead to misreporting of income – ITAT In a recent judgment, ITAT deleted penalty u/s 270A holding that a claim of deduction made in the return, even if ultimately found to be inadmissible, does …