The Financial Express

Salaried employee faces 200 pc penalty despite paying tax — here’s what ITAT said on wrong income tax deductions

A salaried taxpayer who wrongly claimed ₹10.65 lakh in Chapter VI-A deductions for AY 2022-23 ended up paying a 200% penalty after the Income Tax Appellate Tribunal upheld the action for "misreporting ...
Tax Guru

200% Sec 270A Penalty Valid; Wrong VI-A deduction Misreporting; 270AA Immunity Denied

The Tribunal upheld 200% penalty under Section 270A for misreporting income through ineligible deductions. Admitted incorrect claims were treated as conscious misrepresentation, not a bonafide ...

Rs 27K income tax liability became Rs 9.44 lakh: Pune taxpayer claims fake deductions of Rs 10.65 lakh; taxman imposes 200% penalty; ITAT upholds fine

A Pune taxpayer faces a hefty Rs 9.44 lakh penalty for misreporting Rs 10.65 lakh in deductions, including fake claims for ...
Tax Guru

Telangana HC Dismisses Writ as Section 139(8A) Bars Updated Return During Pending Assessment

The writ petition concerned Assessment Year 2024–2025. The petitioner challenged the assessment order dated 15.10.2025 passed under Section 143(3) read with Section 144B of the Income Tax Act, 1961, ...