Penalty U/S 270A Cannot Survive without Stating the Specific Limb of Misreporting: ITAT Mumbai Hi-Tech Engineers v. ACIT, CC 5(1), Mumbai (ITA Nos. 3165 & 3166/Mum/2025) Facts: 1. The AO disallowed purchases of the assessed aggregating to ₹70.93 lakh (AY 2019–20) under section 69C, treating them as bogus purchases from six parties based on…
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