Under-reporting of Income due to Disallowance by AO: Delhi HC quashes Proceedings as it does not amount to ‘Mis-Reporting’ [Read Order]

Income - AO - Delhi HC - taxscan

A division bench of the Delhi High Court comprising of Justices Manmohan and Manmeet Pritam Singh Arora has ruled that where the underreporting of income allegedly done by the assessee is due to the re-computation of the disallowance under Section 14A of the Income Tax Act, 1961 by the Assessing Officer, it would not amount…

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