https://www.taxtmi.com/caselaws?id=802230 Section 270A distinguishes ordinary under-reporting from under-reporting resulting from misreporting, with the latter attracting a higher penalty. Misreporting requires identification of the specific circumstance under section 270A(9) and a showing that its requirements are met. A generic notice fails to communicate the precise charge where the assessment and penalty orders also lack clause-specific findings. Under section 270A(6)(a), income is excluded from under-reported income where a bona fide explanation is satisfactorily substantiated by material facts, including in relation to omitted bank-interest income. en-us Wed, 14 Oct 2026 00:00:00 +0530 Tue, 03 Nov 2026 09:23:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=802230 Section 270A distinguishes ordinary under-reporting from under-reporting resulting from misreporting, with the latter attracting a higher penalty. Misreporting requires identification of the specific circumstance under section 270A(9) and a showing that its requirements are met. A generic notice fails to communicate the precise charge where the assessment and penalty orders also lack clause-specific findings. Under section 270A(6)(a), income is excluded from under-reported income where a bona fide explanation is satisfactorily substantiated by material facts, including in relation to omitted bank-interest income. Case-Laws Income Tax Wed, 14 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=802230