https://www.taxtmi.com/caselaws?id=471693 Enhanced penalty for under-reporting arising from misreporting requires clear identification of the specific statutory instance of misreporting under Section 270A(9). Where the penalty order neither specifies nor makes unambiguously discernible the applicable clause of Section 270A(9), the basis for characterising under-reported income as misreported income fails. The penalty levied at the enhanced misreporting rate was therefore deleted. en-us Mon, 20 Apr 2026 00:00:00 +0530 Mon, 14 Sep 2026 19:03:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471693 Enhanced penalty for under-reporting arising from misreporting requires clear identification of the specific statutory instance of misreporting under Section 270A(9). Where the penalty order neither specifies nor makes unambiguously discernible the applicable clause of Section 270A(9), the basis for characterising under-reported income as misreported income fails. The penalty levied at the enhanced misreporting rate was therefore deleted. Case-Laws Income Tax Mon, 20 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471693