https://www.taxtmi.com/caselaws?id=798563 Penalty for misreporting under section 270A cannot be imposed where penalty proceedings and the statutory notice identify only under-reporting. Under-reporting attracts penalty at 50% of tax payable, while misreporting attracts 200% and requires one of the specified circumstances under section 270A(9). These are distinct defaults with separate ingredients, defences and consequences for immunity. Where neither the assessment order nor the notice alleges misreporting or identifies a relevant statutory circumstance, a later penalty on that aggravated charge lacks prior notice and is unsustainable. The penalty was deleted. en-us Thu, 13 Aug 2026 00:00:00 +0530 Wed, 09 Sep 2026 08:20:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798563 Penalty for misreporting under section 270A cannot be imposed where penalty proceedings and the statutory notice identify only under-reporting. Under-reporting attracts penalty at 50% of tax payable, while misreporting attracts 200% and requires one of the specified circumstances under section 270A(9). These are distinct defaults with separate ingredients, defences and consequences for immunity. Where neither the assessment order nor the notice alleges misreporting or identifies a relevant statutory circumstance, a later penalty on that aggravated charge lacks prior notice and is unsustainable. The penalty was deleted. Case-Laws Income Tax Thu, 13 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798563