https://www.taxtmi.com/caselaws?id=466909 The article addresses deletion of a penalty imposed under section 270A(9) for under-reporting where the show cause notice failed to identify which clause (a-f) applied and the taxpayer demonstrated bona fide reliance on a tax consultant, prompt voluntary correction by filing a revised return, and payment of tax and interest accepted by the AO. The analysis concludes that the procedural defect in the notice and the factual matrix of innocent reliance and immediate rectification justify deletion of the penalty and allowance of the appeal. en-us Thu, 20 Feb 2025 00:00:00 +0530 Thu, 26 Feb 2026 03:24:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466909 The article addresses deletion of a penalty imposed under section 270A(9) for under-reporting where the show cause notice failed to identify which clause (a-f) applied and the taxpayer demonstrated bona fide reliance on a tax consultant, prompt voluntary correction by filing a revised return, and payment of tax and interest accepted by the AO. The analysis concludes that the procedural defect in the notice and the factual matrix of innocent reliance and immediate rectification justify deletion of the penalty and allowance of the appeal. Case-Laws Income Tax Thu, 20 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466909