ITAT Deletes Section 270A Penalty as Crypto Tax Provision Not Applicable to AY 2019-20:

ITAT Deletes Section 270A Penalty as Crypto Tax Provision Not Applicable to AY 2019-20

The ITAT Pune ruled that a penalty under Section 270A cannot be sustained based on Section 115BBH, as the provision was not applicable to AY 2019-20

ITAT Quashes Section 270A Penalty

authorVanshika vermadateJul 28, 2026
Last update on Jul 28, 2026
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ITAT Deletes Section 270A Penalty as Crypto Tax Provision Not Applicable to AY 2019-20

The ITAT Pune ruled that a penalty under Section 270A cannot be sustained based on Section 115BBH, as the provision was not applicable to AY 2019-20

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Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
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