ST.JOSEPHS EDUCATIONAL TRUST,CHENNAI vs. DCIT, CENTRAL CIRCLE-193), CHENNAI
In the result, all the appeals filed by the assessees are allowed
ITA 3293/CHNY/2024[2018-19]Status: DisposedITAT Chennai06 Jun 2025AY 2018-19
Bench: Shri Aby T. Varkey & Shri Jagadish
For Appellant: Mr. V. Balaji, CA &For Respondent: Ms. Anitha, Addl.CIT
Section 11Section 12ASection 139(1)Section 143(1)Section 270ASection 271A
200%) but failed to establish it. Absent evidence of falsification or misrepresentation under Section 270A(3), the 50%
penalty must be presumed to correctly apply to under-reporting.
4. Conclusion
The Revenue submits that the penalty notice under Section 270A is valid. The 50% penalty aligns with under-reporting under Section 270A(7), and the failure to score out "misreporting