https://www.taxtmi.com/caselaws?id=788473 Penalty under Section 270A requires a prior and final determination of under-reporting or misreporting, because penalty is an additional tax that depends on the settled quantum of assessment. Where the quantum appeal remains pending and taxable income has not been finally adjudicated, confirming penalty amounts to premature adjudication and offends natural justice. The proper course is for the appellate authority to decide the quantum issue first and then examine penalty in light of that determination. On that basis, the penalty order is set aside and the matter remitted for fresh consideration after disposal of the quantum appeal. en-us Tue, 10 Mar 2026 00:00:00 +0530 Mon, 23 Mar 2026 08:49:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788473 Penalty under Section 270A requires a prior and final determination of under-reporting or misreporting, because penalty is an additional tax that depends on the settled quantum of assessment. Where the quantum appeal remains pending and taxable income has not been finally adjudicated, confirming penalty amounts to premature adjudication and offends natural justice. The proper course is for the appellate authority to decide the quantum issue first and then examine penalty in light of that determination. On that basis, the penalty order is set aside and the matter remitted for fresh consideration after disposal of the quantum appeal. Case-Laws Income Tax Tue, 10 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788473