Where the Assessing Officer, after assessment, initiated a penalty under section 270A for under-reporting of income as a consequence of misreporting and specifically recorded satisfaction for the same in the show-cause notice, assessee’s contention regarding the vagueness of the notice was not accepted. Tribunal also held that since the addition made by the Assessing Officer had been partly allowed and relief had been given to assessee, penalty proceedings should be modified by the Assessing Officer after giving effect to the order passed on the issue of additions. (AY. 2018-19)