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Income Tax Penalty

Delhivery Receives ₹1.36 Crore Income Tax Penalty Order

Kavi Priya

Logistics and supply chain services provider Delhivery Limited has reported that it has received an order under Section 271(1)(c) of the Income Tax...

Recording of satisfaction u/s 271E insufficient for Income Tax Penalty proceedings u/s 271D:...

No Misreporting in PF and Cess Deduction Claims Made in Good Faith: ITAT quashes 84 Lakhs S.270...

ITAT sets aside Penalty u/s 271 (1)(c) as Demonstrates Sufficient Cause for 326 Day Delay in Quantum...

Non-Participation in GST Proceedings Confirmed Tax Liability with 100% Penalty: Madras HC orders 10%...

Disallowance of Depreciation Claim on Goodwill: Suzlon Energy Ltd gets slapped with ₹260.35 Cr Income Tax Penalty

Suzlon Energy Ltd, a company dedicated to providing renewable energy solutions, faced a setback recently when it was hit with a hefty penalty of ₹260.35 crore by the National Faceless Assessment...

Non-striking of Irrelevant Matter would Render Income Tax Penalty Notice Defective: ITAT [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) recently quashed a pre-drafted penalty notice that included both concealed and inaccurately furnished income particulars. The...

200% Income Tax Penalty if ITR-U not Filed by March 31: Know if You Have To

Taxpayers have a timeframe of 24 months from the end of the relevant assessment year to file ITR-U. For instance, for the Financial Year 2020-21 ( Assessment Year 2021-22 ), the deadline to submit...

Income Tax Penalty - Income Tax - Income Tax Returns - Updated Income Tax Returns - ITR U Deadline - ITR - Taxscan

No Income Tax Penalty Leviable u/s 271FA without Reportable Transactions: ITAT [Read Order]

The Delhi bench of Income Tax Appellate Tribunal (ITAT) recently held that no Income Tax Penalty can be levied under Section 271FA of Income Tax Act, 1961 without having any reportable...

No Penalty u/s 270A of Income Tax Act imposable when Deduction Claim of Education Cess was withdrawn: Rajasthan HC [Read Order]

The Rajasthan High Court has held that the Penalty under section 270A of the Income Tax Act, 1961 is imposable when a deduction claim of education cess was withdrawn. G R Infraprojects Limited,...

Income Tax Penalty on NRI: Kerala HC directs to Pursue Statutory Remedy, stays Sale Proceedings of Attached Property [Read Order]

The Kerala High Court has directed a Non-Resident Indian, a United Arab Emirates Resident to pursue available statutory remedy, when he challenged the imposition of income tax penalty orders through...

Payment from SET Satellite (Singapore) P. ltd are not Taxable as ‘royalty’ under Article 12(2) of India-Singapore Treaty: ITAT [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the payments from the SET Satellite (Singapore) Pte Ltd are not taxable as royalty under Article 12(2) of the India-Singapore...