https://www.taxtmi.com/caselaws?id=796813 Section 270A requires the applicable statutory circumstance and factual basis for under-reporting or misreporting to be specifically identified in the initiating notice and penalty proceedings. Under-reporting under section 270A(2) is distinct from under-reporting resulting from misreporting under section 270A(9). Initiating proceedings for misreporting but imposing penalty for under-reporting, without specifying the relevant charge, denies the assessee a meaningful opportunity to respond and breaches natural justice. The penalty was therefore treated as invalid and quashed. en-us Wed, 05 Aug 2026 00:00:00 +0530 Tue, 11 Aug 2026 08:47:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796813 Section 270A requires the applicable statutory circumstance and factual basis for under-reporting or misreporting to be specifically identified in the initiating notice and penalty proceedings. Under-reporting under section 270A(2) is distinct from under-reporting resulting from misreporting under section 270A(9). Initiating proceedings for misreporting but imposing penalty for under-reporting, without specifying the relevant charge, denies the assessee a meaningful opportunity to respond and breaches natural justice. The penalty was therefore treated as invalid and quashed. Case-Laws Income Tax Wed, 05 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796813