https://www.taxtmi.com/caselaws?id=772539 ITAT Chennai held that penalty notices under sections 270A and 271AAB were legally defective and void ab initio. The tribunal found that notices failed to specify exact charges between distinct faults like 'underreporting' versus 'misreporting' of income, violating the assessee's constitutional right to fair hearing. For section 271AAB penalty, AO incorrectly issued notice under sub-section (1) instead of applicable sub-section (1A), demonstrating jurisdictional error and non-application of mind. The vague notices prevented proper defense and violated section 274 requirements for reasonable opportunity of being heard. All appeals were allowed and penalties deleted. en-us Fri, 06 Jun 2025 00:00:00 +0530 Mon, 02 Mar 2026 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772539 ITAT Chennai held that penalty notices under sections 270A and 271AAB were legally defective and void ab initio. The tribunal found that notices failed to specify exact charges between distinct faults like 'underreporting' versus 'misreporting' of income, violating the assessee's constitutional right to fair hearing. For section 271AAB penalty, AO incorrectly issued notice under sub-section (1) instead of applicable sub-section (1A), demonstrating jurisdictional error and non-application of mind. The vague notices prevented proper defense and violated section 274 requirements for reasonable opportunity of being heard. All appeals were allowed and penalties deleted. Case-Laws Income Tax Fri, 06 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772539