https://www.taxtmi.com/caselaws?id=791934 Penalty proceedings under section 270A of the Income-tax Act were held invalid because both the show-cause notice and the penalty order failed to specify the exact statutory limb under section 270A(2) invoked for under-reporting of income. The Tribunal applied jurisdictional High Court and coordinate bench authority to hold that the precise charge must be clearly stated; otherwise, the proceedings are arbitrary and unlawful. On that basis, the penalty notice and penalty order were quashed. en-us Fri, 15 May 2026 00:00:00 +0530 Wed, 20 May 2026 08:31:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791934 Penalty proceedings under section 270A of the Income-tax Act were held invalid because both the show-cause notice and the penalty order failed to specify the exact statutory limb under section 270A(2) invoked for under-reporting of income. The Tribunal applied jurisdictional High Court and coordinate bench authority to hold that the precise charge must be clearly stated; otherwise, the proceedings are arbitrary and unlawful. On that basis, the penalty notice and penalty order were quashed. Case-Laws Income Tax Fri, 15 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791934