https://www.taxtmi.com/caselaws?id=471304 Enhanced penalty for under-reporting under section 270A requires a clearly identified misreporting limb under section 270A(9). Ordinary under-reporting attracts a 50% penalty under section 270A(7), while the 200% rate under section 270A(8) applies only when the under-reporting results from specified misreporting. Because penalty proceedings are independent and penal, the charge must be unambiguous. Mere references to misreporting in assessment proceedings and computation at the enhanced rate do not suffice where neither initiation nor the penalty order identifies the applicable statutory clause. The 200% penalty was therefore quashed as vague and unsustainable. en-us Tue, 03 Feb 2026 00:00:00 +0530 Fri, 28 Aug 2026 20:38:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471304 Enhanced penalty for under-reporting under section 270A requires a clearly identified misreporting limb under section 270A(9). Ordinary under-reporting attracts a 50% penalty under section 270A(7), while the 200% rate under section 270A(8) applies only when the under-reporting results from specified misreporting. Because penalty proceedings are independent and penal, the charge must be unambiguous. Mere references to misreporting in assessment proceedings and computation at the enhanced rate do not suffice where neither initiation nor the penalty order identifies the applicable statutory clause. The 200% penalty was therefore quashed as vague and unsustainable. Case-Laws Income Tax Tue, 03 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471304