https://www.taxtmi.com/caselaws?id=761825 ITAT MUMBAI - AT held in favour of the assessee, directing deletion of a 270A(9) penalty where the notice under section 274 r.w.s. 270A failed to specify which limb (under-reporting or mis-reporting) was alleged. The tribunal found that under-reporting and mis-reporting are distinct and the assessing officer's vague notice did not give the assessee an opportunity on the specific charge; consequently the penalty levied for both heads at 200% was set aside. en-us Tue, 15 Oct 2024 00:00:00 +0530 Sat, 13 Sep 2025 13:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761825 ITAT MUMBAI - AT held in favour of the assessee, directing deletion of a 270A(9) penalty where the notice under section 274 r.w.s. 270A failed to specify which limb (under-reporting or mis-reporting) was alleged. The tribunal found that under-reporting and mis-reporting are distinct and the assessing officer's vague notice did not give the assessee an opportunity on the specific charge; consequently the penalty levied for both heads at 200% was set aside. Case-Laws Income Tax Tue, 15 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761825