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57. ITA No. 399/Hyd./2026
Shyamsunder Pritesh Malode v. ACIT
A.Y.: 2020-21 Date of Order: 16.10.2026
Section: 270A
Since the assessment order and the notice under section 274 stated that the penalty was initiated for misreporting of income, the notice cannot be treated as vague merely because it did not cite a particular clause of section 270A(9) of the Act.
FACTS
On the basis of information available on record, the Assessing Officer (AO) issued a notice to the assessee under section 148A of the Act on the ground that the assessee had, during the year relevant to the assessment year under consideration, received salary income of ₹43,61,595, but had not filed his return of income. In response to the notice under section 148 of the Act, the assessee filed his return of income declaring total income of ₹35,40,270. The AO assessed the total income to be ₹35,40,270, and after having issued a notice under section 270A of the Act, passed an order levying a penalty of ₹18,19,128, under section 270A of the Act, for underreporting in consequence of misreporting thereof.
Aggrieved, the assesse
