...iable for Penalty u/s 270AIntroduct...iable for penalty under Section 270A of the Incom...imposes a penalty for underreporting or...e penalty can range from 50...eliberate underreporting...aim, then penalty under Section 270A may not be...amp; 270A can be simultan...hority to levy the penalty u/s 270A?Income Ta...
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- ...71AAB and 270A are significant componen...imposes a penalty on taxpayers who fail to file...imit. The penalty is calcul...taxpayers who fail to pay t...penalties under Sections 271AAB and 270A can be simultan...only one penalty can be...istory to understand the...hority to levy the penalty u/s 27...