AdvertisementHebsiba Daniel Vs ITO (ITAT Bangalore) Bangalore ITAT Condones 52-Day Delay in Section 270A Penalty Appeal: Directs CIT(A) to Decide Penalty Along With Quantum Appeal The assessee, who was pursuing studies and subsequently residing in Canada, faced additions relating to an alleged ₹23.12 lakh gift from her husband and unexplained expenditure under Section 69C towards purchase of foreign currency/remittances. The AO subsequently levied penalty under Section 270A for under-reporting of income at 50% of the tax payable. The assessee’s appeal against the penalty was filed before the CIT(...