Mere Disallowance of Expenditure Does Not Automatically Mean Misreporting of Income: ITAT Deletes ₹4.42 Lakh Penalty Under Section 270A Nascent Info Technologies Pvt. Ltd. v. ITO | ITAT Ahmedabad | ITA No. 2906/Ahd/2026 | AY 2017-18 | Order dated 23 October 2026 A significant ruling by the Ahmedabad Bench of the Income Tax…
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