https://www.taxtmi.com/caselaws?id=451226 ITAT DELHI held that the penalty under section 270A for both under-reporting and misreporting could not be sustained where the show cause notice only referred to under-reporting. The tribunal emphasized that penalty proceedings are distinct from assessment proceedings and the notice must specify the exact offense. Since the assessee was not given an opportunity to respond to allegations of misreporting, the penalty under section 270A for AY 2017-18 was deleted. Similarly, penalty under section 271AAB for AYs 2018-19 and 2019-20 was also deleted due to lack of specific charges in the penalty notice. Appeals of the assessee were allowed on these technical grounds. en-us Wed, 20 Mar 2024 00:00:00 +0530 Mon, 28 Jul 2025 12:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=451226 ITAT DELHI held that the penalty under section 270A for both under-reporting and misreporting could not be sustained where the show cause notice only referred to under-reporting. The tribunal emphasized that penalty proceedings are distinct from assessment proceedings and the notice must specify the exact offense. Since the assessee was not given an opportunity to respond to allegations of misreporting, the penalty under section 270A for AY 2017-18 was deleted. Similarly, penalty under section 271AAB for AYs 2018-19 and 2019-20 was also deleted due to lack of specific charges in the penalty notice. Appeals of the assessee were allowed on these technical grounds. Case-Laws Income Tax Wed, 20 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=451226