Delhi ITAT Quashes ₹20.56 Lakh Penalty Due to Vague Notice Under Section 270A

Sukrit Kalia Vs ITO (ITAT Delhi) Delhi ITAT Quashes ₹20.56 Lakh Penalty u/s 270A – Vague Penalty Notice Without Specifying Exact ‘Limb’ Held Void-Ab-Initio The Delhi ITAT deleted penalty of ₹20.56 lakh levied at 200% under section 270A after holding that the penalty notice itself was legally defective for failing to specify the exact charge or “limb” under which penalty proceedings were initiated. The assessee, an individual professional, had originally filed return declaring income of about ₹79.62 lakh. During scrutiny, the AO noticed that although actual rent paid was onl...