She declared Rs 43,796, misses Rs 14.02L; hit with 200% penalty, but ITAT gave relief

You file your income tax return but end up under-reporting your income. But, the Income Tax Department treats it as mis-reporting of income and imposes a heavy penalty on you. What happens then?This is the case of a 57-year old non-resident Indian (NRI) woman who ended up under-reporting her income when she filed her Income Tax Return, and the gap was huge.What the case is aboutThe NRI woman declared an income of Rs 43,796 for the assessment year 2020-21.