Failure to Mention Specific Clause in Section 270A Notice Renders Penalty Invalid

Shashikant Sukdeo Ambekar Vs ITO (ITAT Pune) The Income Tax Appellate Tribunal (ITAT) Pune allowed the appeals of Shashikant Sukdeo Ambekar for Assessment Years 2017–18 and 2018–19, setting aside the penalties levied under Section 270A of the Income Tax Act. The penal-ties, amounting to ₹1,34,632 and ₹78,892 respectively, were imposed on the grounds of alleged misreporting of income. The case stemmed from a broader investigation in-volving a tax consultant, Kishor Patil, who was found to have filed returns for several individuals, including the assessee, claiming improper deductions an...