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![ITAT Strikes Down Rs. 57.27 Lakh Penalty u/s 271E as there was reasonable cause on assessee’s part [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Strikes-Penalty-Penalty-Section-271E-reasonable-cause-on-assessees-part-reasonable-cause-assessees-part-taxscan.jpg "ITAT Strikes Down Rs. 57.27 Lakh Penalty u/s 271E as there was reasonable cause on assessee’s part [Read Order]")
ITAT Strikes Down Rs. 57.27 Lakh Penalty u/s 271E as there was reasonable cause on assessee’s part [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) struck downRs. 57.27 Lakh penalty under Section 271E of the Income Tax Act as there was...
![Provision of Section 269SS and 269T of Income Tax Act imposes Statutory Liability and cant be stated as a Mere Technical Violation: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Provision-Income-Tax-Act-Statutory-Liability-stated-Mere-Technical-Violation-ITAT-TAXSCAN.jpg "Provision of Section 269SS and 269T of Income Tax Act imposes Statutory Liability and cant be stated as a Mere Technical Violation: ITAT [Read Order]")
![Failure of Assessee to Comply with Provisions of Section 269T: ITAT upholds Penalty u/s 271E [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Failure-of-Assessee-to-Comply-with-Provisions-of-Section-269T-ITAT-upholds-Penalty-us-271E-TAXSCAN.jpg "Failure of Assessee to Comply with Provisions of Section 269T: ITAT upholds Penalty u/s 271E [Read Order]")
![No Penalty on Refund of Advance from Customers in Cash under a Bonafide Belief: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Cash-Deposits-Taxscan.jpg "No Penalty on Refund of Advance from Customers in Cash under a Bonafide Belief: ITAT [Read Order]")
ITAT deletes penalty since Cash Transactions with Sister-in-Law and Nephew not amount to ‘Loan’ for the purpose of s. 269SS [Read Order]
Income Tax Appellate Tribunal (ITAT), Kolkata bench has deleted penalty under section 273B of Income Tax Act 1961 and proclaimed that the cash transactions with sister-in-law and nephew does not fall...
![ITAT deletes penalty since Cash Transactions with Sister-in-Law and Nephew not amount to ‘Loan’ for the purpose of s. 269SS [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Cash-Transactions.jpg "ITAT deletes penalty since Cash Transactions with Sister-in-Law and Nephew not amount to ‘Loan’ for the purpose of s. 269SS [Read Order]")