https://www.taxtmi.com/caselaws?id=793444 Penalty under section 270A could not be sustained because the assessment and penalty proceedings failed to specify whether the default was under-reporting or misreporting of income. The Tribunal followed the settled view that the statutory scheme treats those limbs distinctly and requires a clear charge before penalty can be imposed. As the notices and orders did not record a specific finding on the applicable limb, the penalty was held unsustainable and deleted; the revenue's appeal was dismissed. en-us Thu, 11 Jun 2026 00:00:00 +0530 Tue, 16 Jun 2026 08:32:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793444 Penalty under section 270A could not be sustained because the assessment and penalty proceedings failed to specify whether the default was under-reporting or misreporting of income. The Tribunal followed the settled view that the statutory scheme treats those limbs distinctly and requires a clear charge before penalty can be imposed. As the notices and orders did not record a specific finding on the applicable limb, the penalty was held unsustainable and deleted; the revenue's appeal was dismissed. Case-Laws Income Tax Thu, 11 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793444