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    <description>ITAT, Chennai held that the show-cause notice issued under s.274 r.w.s. 270A was vague and failed to specify the particular charge of misreporting or underreporting. As the notice did not meet the requirement of specificity, the tribunal quashed the penalty order passed under s.270A(9) for AY 2017-18 and allowed the assessee&#039;s appeal.</description>
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      <description>ITAT, Chennai held that the show-cause notice issued under s.274 r.w.s. 270A was vague and failed to specify the particular charge of misreporting or underreporting. As the notice did not meet the requirement of specificity, the tribunal quashed the penalty order passed under s.270A(9) for AY 2017-18 and allowed the assessee&#039;s appeal.</description>
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