https://www.taxtmi.com/caselaws?id=788578 Penalty under the misreporting limb of section 270A was treated as sustainable where the notice and assessment order clearly conveyed that the assessee was proceeded against for under-reporting in consequence of misreporting, even though the exact clause was not specified. An immunity application under section 270AA was treated as not maintainable once penalty proceedings had been initiated under section 270A(9). On the labour cess disallowance under section 43B, penalty was deleted because the liability had been disclosed in the audit report, the error was inadvertent, the adjustment was tax-neutral, and the case fell within the bona fide disclosure exclusion from under-reported income. en-us Wed, 04 Mar 2026 00:00:00 +0530 Wed, 25 Mar 2026 08:49:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788578 Penalty under the misreporting limb of section 270A was treated as sustainable where the notice and assessment order clearly conveyed that the assessee was proceeded against for under-reporting in consequence of misreporting, even though the exact clause was not specified. An immunity application under section 270AA was treated as not maintainable once penalty proceedings had been initiated under section 270A(9). On the labour cess disallowance under section 43B, penalty was deleted because the liability had been disclosed in the audit report, the error was inadvertent, the adjustment was tax-neutral, and the case fell within the bona fide disclosure exclusion from under-reported income. Case-Laws Income Tax Wed, 04 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788578