https://www.taxtmi.com/caselaws?id=797845 Section 270A distinguishes under-reporting from misreporting and requires a penalty notice to identify the precise misreporting charge, including the relevant statutory limb, to enable an effective response. An undifferentiated notice and initiation lacking that specification violate natural justice and cannot support a misreporting penalty. Disclosure and taxation of additional professional income after search, without further material, do not by themselves establish misreporting. Section 271AAD targets false entries or omissions in books used to evade tax, particularly fraudulent documentation; unaccounted cash offered as professional income does not fall within that mischief. Penalties also require a valid jurisdictional assessment foundation. en-us Fri, 21 Aug 2026 00:00:00 +0530 Fri, 28 Aug 2026 20:42:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797845 Section 270A distinguishes under-reporting from misreporting and requires a penalty notice to identify the precise misreporting charge, including the relevant statutory limb, to enable an effective response. An undifferentiated notice and initiation lacking that specification violate natural justice and cannot support a misreporting penalty. Disclosure and taxation of additional professional income after search, without further material, do not by themselves establish misreporting. Section 271AAD targets false entries or omissions in books used to evade tax, particularly fraudulent documentation; unaccounted cash offered as professional income does not fall within that mischief. Penalties also require a valid jurisdictional assessment foundation. Case-Laws Income Tax Fri, 21 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797845