St. Josephs Educational Trust vs DCIT

Whether the penalty notice issued under Section 270A of the Income Tax Act, 1961, is invalid for vagueness due to failure to specify the specific charge (underreporting or misreporting) --- Held Yes; Whether the penalty levied under Section 270A for underreporting of income is sustainable when the Assessing Officer accepted the returned income post-search --- Held No; Whether the penalty levied under Section 271AAB for undisclosed income in search cases is valid when the show cause notice is similarly vague --- Held No.