Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
ITAT held that no specific charge was framed against the assessee in the show-cause notice issued u/s 274 read with Section 270A for misreporting of income. While the assessment order did not specify the exact charge, the show-cause notice initiated penalty proceedings for both under-reporting and misreporting of income. However, in the penalty order, the Assessing Officer concluded it was a case of under-reporting due to misreporting of income and levied penalty u/s 270A(9)(a). ITAT decided in favour of the assessee on the ground that no clear charge was framed in the show-cause notice.
ITAT held that no specific charge was framed against the assessee in the show-cause notice issued u/s 274 read with Section 270A for misreporting of income. While the assessment order did not specify the exact charge, the show-cause notice initiated penalty proceedings for both under-reporting and misreporting of income. However, in the penalty order, the Assessing Officer concluded it was a case of under-reporting due to misreporting of income and levied penalty u/s 270A(9)(a). ITAT decided in favour of the assessee on the ground that no clear charge was framed in the show-cause notice.
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