Failure to specify applicable clause under Section 270A(9) invalidates penalty

Kasat Prakash M (HUF) Vs ITO (ITAT Pune) In the case of Kasat Prakash M (HUF) vs. ITO, the Income Tax Appellate Tribunal (ITAT) Pune considered an appeal for Assessment Year 2020-21 against the order of the National Faceless Appeal Centre (NFAC), dated 27 November 2023. The main contention raised by the assessee concerned the validity of the penalty proceedings under Section 270A of the Income Tax Act. The show cause notice issued by the Assessing Officer (AO) on 19 September 2022 did not specify which of the six limbs under Section 270A(9)(a) to (f) were being invoked. The assessee argued tha...