Income Tax | Disallowed Section 270A Software Expenditure Cannot Automatically Attract Penalty: ITAT Mumbai

ITAT Mumbai deletes ₹1.24 crore Section 270A penalty, holding that a bona fide software expenditure claim with full disclosure is not under-reporting. The post Disallowed Section 270A Software Expenditure Cannot Automatically Attract Penalty: ITAT Mumbai appeared first on TaxGuru .