![AO issued Penalty Notice without Specifying Offense of Concealment or Inaccurate Particulars as Mandated u/s 271(1)(c): ITAT quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Offense-of-Concealment-AO-Issued-ITAT-Quashes-Order-ITAT-Kolkata-Inaccurate-Particulars-Quashes-Order-Penalty-Notice-Issued-Penalty-taxscan.jpg "AO issued Penalty Notice without Specifying Offense of Concealment or Inaccurate Particulars as Mandated u/s 271(1)(c): ITAT quashes Order [Read Order]")
AO issued Penalty Notice without Specifying Offense of Concealment or Inaccurate Particulars as Mandated u/s 271(1)(c): ITAT quashes Order [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) quashed the penalty notice as the assessing officer issued it without specifying the...
![Initiation of Penalty Proceedings u/s 271A of Income Tax Act: Kerala HC directs Income Tax Dept to consider Stay Petition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/kerala-HC-Kerala-High-Court-Income-Tax-Department-Stay-Petition-in-Penalty-Proceedings-Taxscan.jpg "Initiation of Penalty Proceedings u/s 271A of Income Tax Act: Kerala HC directs Income Tax Dept to consider Stay Petition [Read Order]")
![Mere making of Incorrect Claim does not Tantamount to furnishing of inaccurate particular: ITAT deletes Penalty u/s 27(1)(c) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-Mumbai-ITAT-Income-Tax-Act-Income-Tax-ITAT-Ruling-on-Income-Tax-Penalty-Taxscan.jpg "Mere making of Incorrect Claim does not Tantamount to furnishing of inaccurate particular: ITAT deletes Penalty u/s 27(1)(c) of Income Tax Act [Read Order]")
![Non-payment of Excise Duty as per Machinery Provision Including Designated Point of Time of Taxation Invites Penalty Proceedings: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/CESTAT-Ahmedabad-Excise-Duty-Penalty-Proceedings-CESTAT-Penalty-Proceedings-Taxation-Time-in-Excise-Duty-Taxscan.jpg "Non-payment of Excise Duty as per Machinery Provision Including Designated Point of Time of Taxation Invites Penalty Proceedings: CESTAT [Read Order]")
![Defect in Notice u/s 271(1)(c) of IT Act issued in 1993 cannot be raised, even in absence of prejudice to Assessee: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Bombay-High-Court-Income-Tax-Notice-defect-Assessee-Tax-news-Bombay-HC-taxscan.jpg "Defect in Notice u/s 271(1)(c) of IT Act issued in 1993 cannot be raised, even in absence of prejudice to Assessee: Bombay HC [Read Order]")
Displacement of fair market value supported by valuation report by AO: ITAT deletes penalty u/s 271(1)(c) of Income Tax Act [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed the imposition of penalty under section 271(1)(c) of the Income Tax Act 1961,citing the Assessing Officer's rejection of fair...
![Displacement of fair market value supported by valuation report by AO: ITAT deletes penalty u/s 271(1)(c) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/itat-delhi-Fair-Market-Value-Displacement-Income-Tax-Act-Penalty-Removal-Tax-Penalty-Deletion-Case-taxscan.jpg "Displacement of fair market value supported by valuation report by AO: ITAT deletes penalty u/s 271(1)(c) of Income Tax Act [Read Order]")
Fresh Assessment Order under Income Tax Act passed without Revising Penalty Proceeding: Kerala HC directs to Revise Penalty [Read Order]
The Kerala High Court directed to revise the penalty imposed under the Income Tax Act, 1961 as a fresh assessment order was passed without revising the penalty proceedings. The Income Tax Appellate...
![Fresh Assessment Order under Income Tax Act passed without Revising Penalty Proceeding: Kerala HC directs to Revise Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Income-Tax-penalty-revision-Kerala-High-Court-Assessment-Order-Penalty-proceedings-revision-Penalty-taxscan.jpg "Fresh Assessment Order under Income Tax Act passed without Revising Penalty Proceeding: Kerala HC directs to Revise Penalty [Read Order]")
Penalty Proceedings under Income Tax Act initiated on wrong assumption: Madras HC sets aside the proceedings [Read Order]
The Madras High Court set aside the penalty proceedings under the Income Tax Act, 1961 initiated on the wrong assumption. Anamallais Bus Transports P Ltd, the petitioner assessee-Company has...
![Penalty Proceedings under Income Tax Act initiated on wrong assumption: Madras HC sets aside the proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Penalty-Proceedings-Income-Tax-Act-Wrong-Assumption-Madras-HC-Proceedings-TAXSCAN.jpg "Penalty Proceedings under Income Tax Act initiated on wrong assumption: Madras HC sets aside the proceedings [Read Order]")
Relief to Agriculturist and Auto Driver: Bombay HC quashes Sanction and Assessment Order given u/s 151(i) instead of 151(ii) of IT Act [Read Order]
The Bombay High Court, has invalidated income tax assessments and subsequent proceedings for the assessment year 2016-2017 against agriculturists and rickshaw drivers due to improper sanction. The...
![Relief to Agriculturist and Auto Driver: Bombay HC quashes Sanction and Assessment Order given u/s 151(i) instead of 151(ii) of IT Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Agriculturist-Auto-Driver-Bombay-High-Court-Assessment-Order-tax-assessments-improper-sanction-taxscan.jpg "Relief to Agriculturist and Auto Driver: Bombay HC quashes Sanction and Assessment Order given u/s 151(i) instead of 151(ii) of IT Act [Read Order]")
Notice u/s 271 (1)(c) of Income Tax Act issued Without Specifying Charge and Striking off Irrelevant Limp: ITAT quashes Penalty Proceedings [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has quashed the penalty proceedings as the notice under Section 271(1)(c) of the Income Tax Act 1961 was issued without specifying the charge...
![Notice u/s 271 (1)(c) of Income Tax Act issued Without Specifying Charge and Striking off Irrelevant Limp: ITAT quashes Penalty Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Income-Tax-Act-issued-Specifying-Charge-Irrelevant-Limp-ITAT-quashes-Penalty-Proceedings-taxscan.jpg "Notice u/s 271 (1)(c) of Income Tax Act issued Without Specifying Charge and Striking off Irrelevant Limp: ITAT quashes Penalty Proceedings [Read Order]")
No Penalty u/s 271(1)(c) can be Imposed, Without Assistance of Assessee in Prosecuting the Levy of Penalty Proceedings: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench, has recently, in an appeal filed before it, held that no penalty under Section 271(1)(c) can be imposed, without the assistance of the assessee...
![No Penalty u/s 271(1)(c) can be Imposed, Without Assistance of Assessee in Prosecuting the Levy of Penalty Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/No-Penalty-Imposed-Assistance-of-Assessee-Assessee-Penalty-Proceedings-Proceedings-ITAT-Income-Tax-Taxscan.jpg "No Penalty u/s 271(1)(c) can be Imposed, Without Assistance of Assessee in Prosecuting the Levy of Penalty Proceedings: ITAT [Read Order]")
Non-Specifying of Specific Limb in Penalty Notice will not Invalidate Penalty Proceedings When Assessee is a Non-filer: ITAT
The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has held that non specifying of specific limb in penalty notice would not invalidate penalty proceedings when assessee had been a...
