https://www.taxtmi.com/caselaws?id=313062 The ITAT Pune allowed the assessee's appeal and quashed penalties imposed under section 270A for under-reporting of income. The AO failed to identify and communicate the specific circumstances under clauses (a) to (g) of sub-section (2) of section 270A that constituted under-reporting, and failed to specify which action under clauses (a) to (f) of sub-section (9) constituted mis-reporting. This non-identification violated principles of natural justice by preventing the assessee from defending against the charges. The tribunal applied precedents from section 271(1)(c) cases, holding that mandatory requirements for specifying charges cannot be diluted, rendering the penalty proceedings invalid and untenable. en-us Thu, 30 Mar 2023 00:00:00 +0530 Thu, 21 Mar 2024 19:22:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313062 The ITAT Pune allowed the assessee's appeal and quashed penalties imposed under section 270A for under-reporting of income. The AO failed to identify and communicate the specific circumstances under clauses (a) to (g) of sub-section (2) of section 270A that constituted under-reporting, and failed to specify which action under clauses (a) to (f) of sub-section (9) constituted mis-reporting. This non-identification violated principles of natural justice by preventing the assessee from defending against the charges. The tribunal applied precedents from section 271(1)(c) cases, holding that mandatory requirements for specifying charges cannot be diluted, rendering the penalty proceedings invalid and untenable. Case-Laws Income Tax Thu, 30 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313062