https://www.taxtmi.com/caselaws?id=795818 Penalty for misreporting of income under Section 270A requires the tax authority to identify the precise applicable limb of the statutory definition. Where neither assessment nor penalty proceedings specify which of the six misreporting limbs is invoked, the taxpayer lacks notice of the definite charge. The omission renders the penalty action legally defective, and the penalty cannot be sustained. en-us Fri, 10 Jul 2026 00:00:00 +0530 Tue, 28 Jul 2026 08:30:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795818 Penalty for misreporting of income under Section 270A requires the tax authority to identify the precise applicable limb of the statutory definition. Where neither assessment nor penalty proceedings specify which of the six misreporting limbs is invoked, the taxpayer lacks notice of the definite charge. The omission renders the penalty action legally defective, and the penalty cannot be sustained. Case-Laws Income Tax Fri, 10 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795818