#Section 139(8A) IT Act

ITAT Pune rules that penalty under Section 270A of the Income Tax Act cannot be imposed if the assessee voluntarily discloses additional income through a return filed under Section 139(8A) before issuance of a Section 148 notice. This holding reinforces the principle that voluntary compliance prior to reassessment notice precludes penalty, offering critical protection to taxpayers.

ITAT Bangalore rules that an updated return under Section 139(8A) filed during pending assessment proceedings is invalid, reinforcing that ex-parte assessments must afford assessees a fair hearing. The tribunal remanded unexplained income additions for fresh adjudication, emphasizing compliance with natural justice principles in tax proceedings.