VittSphere ONE Calculators Blog CA Prabhakar Kumar · FCA · ICAI 560762
Case lawITAT › Ghanta Srinivas v DCIT, Central Circle-1, Guntur
ITATHelps taxpayerValidity unconfirmeds.270As.270A(9)s.270A(11)s.271AADs.274s.132s.143(3)s.148s.149

Ghanta Srinivas v DCIT, Central Circle-1, Guntur

After a search I admitted the cash as professional receipts in a revised computation during the assessment and paid the tax. The AO has now levied penalty under s.270A(9) for misreporting AND a second penalty under s.271AAD(1)(ii) for omitting entries from my books. Can he do both?

After a search I admitted the cash as professional receipts in a revised computation during the assessment and paid the tax. The AO has now levied penalty under s.270A(9) for misreporting AND a second penalty under s.271AAD(1)(ii) for omitting entries from my books. Can he do both?

The Tribunal deleted both. The s.270A penalty fell because the s.274 notice never said which of the six sub-clauses of s.270A(9) was alleged, and the s.271AAD(1)(ii) penalty fell because once the assessee had brought the receipts on record in a revised statement of total income filed during the assessment and paid the tax, there was no longer an omitted entry to penalise.

Decided by the ITAT (Shri Vijay Pal Rao, Vice President and Shri Manjunatha G, Accountant Member — Income Tax Appellate Tribunal, Visakhapatnam Bench) on 2026-08-21, reported as ITA Nos. 172 & 173/VIZ/2026; date of conclusion of hearing 10 August 2026. It bears on section 270A, section 270A(9), section 270A(11), section 271AAD, section 274, section 132, section 143(3), section 148, section 149 of the Income Tax Act 1961, in Penalty and Search, Survey & Block Assessment matters.

Validity check could not be completed. Validity check could not be completed. The order is dated 21 August 2026 and is recent; I did not search for any appeal against it or any later Tribunal or High Court decision doubting it, and no such search should be assumed. It follows a coordinate bench (MSN Laboratories, Hyderabad) rather than any High Court authority, so it sits in a line of Tribunal decisions on the s.270A(9) limb point rather than on binding authority; the contrary view taken by the Commissioner (Appeals) — that misreporting is a complete statutory category needing no sub-clause — is the Revenue's standard argument and has not been tested at High Court level in anything I read.

Why it matters

This is the first squarely reasoned Tribunal decision the library carries on s.271AAD, and it is being used by the Department in exactly the situation described — a search, an admitted surrender, and then two penalties on the same money. Two things are worth taking from it. First, the s.270A(9) limb point survives even where the AO writes the composite phrase "under-reporting of income in consequence of misreporting": the Commissioner (Appeals) had held that misreporting is itself a complete statutory category needing no sub-clause, and the Tribunal rejected that. Second, on s.271AAD the Tribunal read the section against the Memorandum to the Finance Bill 2020, which explains it as aimed at bogus invoices taken to claim input tax credit, and treated a subsequent disclosure and payment as answering the charge of omission. Note the limits: the Tribunal did NOT decide whether s.270A(11) bars the two penalties from standing together — it did not have to, having deleted both — so a reader who wants that argument is still arguing it fresh. The Commissioner (Appeals) had held s.270A(11) inapplicable on the footing that s.271AAD addresses a distinct field of misconduct, and that reasoning is left standing on the record, undisturbed rather than approved.

Binding on the AO and CIT(A) within the Tribunal's jurisdiction. Persuasive elsewhere.

Not yet CA-verified. This entry was found through the sources listed under the Sources tab, and the summary reflects what those sources say. Nobody has yet read the full judgment and signed it off. Check the source before relying on it.

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