https://www.taxtmi.com/caselaws?id=313123 The ITAT Pune held that penalty under section 270A(9) for mis-reporting of income was invalid due to the AO's failure to specify which particular clause (a-f) of section 270A(9) applied to the assessee's case. Despite the AO discussing how income was mis-reported, the absence of identification of the specific limb in both penalty and assessment orders rendered the proceedings invalid and untenable, following precedent in Kishor Digambar Patil case. The assessee's appeal was allowed. en-us Wed, 05 Jul 2023 00:00:00 +0530 Tue, 26 Mar 2024 19:05:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313123 The ITAT Pune held that penalty under section 270A(9) for mis-reporting of income was invalid due to the AO's failure to specify which particular clause (a-f) of section 270A(9) applied to the assessee's case. Despite the AO discussing how income was mis-reported, the absence of identification of the specific limb in both penalty and assessment orders rendered the proceedings invalid and untenable, following precedent in Kishor Digambar Patil case. The assessee's appeal was allowed. Case-Laws Income Tax Wed, 05 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313123