INCOME TAX25 Sept 2026
Tax consultant filed incorrect deduction claims: Why ITAT cancelled ₹2.21 lakh penalty on a salaried employee | Mint
A Pune tribunal cancelled a ₹2.21 lakh penalty on a salaried employee whose consultant reportedly claimed deductions he disputed. Remember, you stay responsible for what goes into your income tax return (ITR), even when someone else files it. He had already revised it and paid the extra tax and interest. So check every deduction before filing, and fix errors quickly.
Key Statutory Highlights
- The Pune ITAT cancelled the ₹2.21 lakh penalty in Dilip Gangaram Mali's case, which covered assessment years 2017-18 and 2018-19.
- Mali had filed a revised return on 6 June 2019, raising his declared income to ₹9.12 lakh and paying ₹1,02,875 towards tax and interest.
- The tribunal also found shortcomings in the penalty order about the misreporting provision invoked under Section 270A.
Actionable Advice for Taxpayers / Founders:Check your ITR yourself before you file it, even if a consultant prepares it. If you find a wrong deduction, correct it quickly by filing a revised return and paying any extra tax and interest. This ruling does not guarantee the same relief in every case.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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