No Penalty shall be levied u/s 270A of Income Tax Act on  Inadvertently  Reported Annual Value of  House Property by Accountant: ITAT [Read Order]

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The Chennai bench of Income Tax Appellate Tribunal (ITAT) has recently held that no penalty should be levied  under Section 270A of Income Tax Act 1961 on inadvertently reported annual value of house property by an accountant. The assessee S. Saroja filed her return of income on 31.03.2018, the said return has been revised  and…

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