https://www.taxtmi.com/caselaws?id=471978 Section 270A distinguishes under-reporting from misreporting of income and subjects misreporting to specific statutory contingencies. A notice commencing penalty proceedings must identify the exact charge and the relevant misreporting limb, enabling the assessee to respond effectively. Where notices refer only to under-reporting and omit both the misreporting charge and the applicable statutory limb, a penalty imposed for misreporting is unsustainable. en-us Mon, 23 Sep 2024 00:00:00 +0530 Fri, 25 Sep 2026 17:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471978 Section 270A distinguishes under-reporting from misreporting of income and subjects misreporting to specific statutory contingencies. A notice commencing penalty proceedings must identify the exact charge and the relevant misreporting limb, enabling the assessee to respond effectively. Where notices refer only to under-reporting and omit both the misreporting charge and the applicable statutory limb, a penalty imposed for misreporting is unsustainable. Case-Laws Income Tax Mon, 23 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471978