https://www.taxtmi.com/caselaws?id=774184 The Tribunal allowed the assessee's appeal and quashed the penalty order under section 270A of the Income Tax Act, 1961. The penalty notice dated 13.05.2021 was held defective and vague as it ambiguously referred to both "under-reporting" and "mis-reporting" of income without specifying the exact charge or relevant clause under section 270A(9). The Tribunal emphasized that these terms have distinct legal meanings and cannot be used interchangeably. The AO's failure to clearly specify the precise statutory provision in the notice rendered the entire penalty proceedings void ab initio, despite the penalty order later clarifying the charge under section 270A(9)(c) for unsubstantiated expenditure claims. en-us Mon, 30 Jun 2025 00:00:00 +0530 Fri, 04 Jul 2025 08:38:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774184 The Tribunal allowed the assessee's appeal and quashed the penalty order under section 270A of the Income Tax Act, 1961. The penalty notice dated 13.05.2021 was held defective and vague as it ambiguously referred to both "under-reporting" and "mis-reporting" of income without specifying the exact charge or relevant clause under section 270A(9). The Tribunal emphasized that these terms have distinct legal meanings and cannot be used interchangeably. The AO's failure to clearly specify the precise statutory provision in the notice rendered the entire penalty proceedings void ab initio, despite the penalty order later clarifying the charge under section 270A(9)(c) for unsubstantiated expenditure claims. Case-Laws Income Tax Mon, 30 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774184