Retired employee wrongly claimed Rs. 20 lakh gratuity exemption — Income Tax Dept imposed penalty, but ITAT ruled in her favour
A retired government employee successfully appealed a penalty after mistakenly claiming an excess gratuity tax exemption. The Income Tax Appellate Tribunal ruled in her favor, stating no misreporting occurred and she qualified for immunity under Section 270AA for paying the assessed tax.
A retired government employee successfully appealed a penalty after mistakenly claiming an excess gratuity tax exemption. The Income Tax Appellate Tribunal ruled in her favor, stating no misreporting occurred and she qualified for immunity under Section 270AA for paying the assessed tax.
