https://www.taxtmi.com/caselaws?id=791861 Penalty under section 270A was held unsustainable where a return filed in response to section 148 was accepted without any addition and the Assessing Officer recorded no finding of under-reporting or misreporting. In the absence of any addition to the returned income, the factual basis for penalty proceedings was missing. The notice initiating penalty also failed to specify the exact limb of section 270A invoked, leaving the charge indeterminate. On these facts, penalty for under-reporting could not be maintained and was deleted. en-us Fri, 15 May 2026 00:00:00 +0530 Tue, 19 May 2026 08:18:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791861 Penalty under section 270A was held unsustainable where a return filed in response to section 148 was accepted without any addition and the Assessing Officer recorded no finding of under-reporting or misreporting. In the absence of any addition to the returned income, the factual basis for penalty proceedings was missing. The notice initiating penalty also failed to specify the exact limb of section 270A invoked, leaving the charge indeterminate. On these facts, penalty for under-reporting could not be maintained and was deleted. Case-Laws Income Tax Fri, 15 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791861