Read all Latest Updates on and about Section 270A of the Income Tax Act

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Section 270A of the...

Mere Claim of Higher Gratuity Exemption Claim through Revised ITR Does Not Amount to Misreporting: ITAT deletes Penalty [Read Order]

Navasree A.M

The Cochin Bench of the Income Tax Appellate Tribunal (ITAT) held that a mere claim of higher exemption on gratuity through a revised return does...

AO not competent to pass Draft Assessment Order u/s 144C(1) of Income Tax Act when TPO Makes no...

Mere Disallowance of Capitalized Interest Not Misreporting: ITAT deletes Income Tax Penalty u/s 270A...

Salaried Taxpayer Wins ₹1.46 Lakh Income Tax Penalty Case Despite Misreporting: Here’s How [Read...

Supreme Court & High Courts Weekly Round-up [ June 28th to July 5th, 2025]

Income Tax Penalty Notice Not Properly Served Initially, Reminded after 4 Months of its Issuance: Madras HC Directs Decision After Hearing [Read Order]

The High Court of Madras, directed that a decision be made after granting a personal hearing in a case where an income tax penalty notice under Section 270A of the Income Tax Act, 1961, was not...

Think Twice Before Faking Income Tax Deductions: Govt Tightens Penalties and Prosecution

The government has tightened the rules for claiming income tax deductions in Assessment Year (AY) 2025-26 after a large-scale tax fraud was uncovered. A recent investigation by the Income Tax...

ITAT Weekly Round-Up [April 1st-26th]

This weekly round-up analytically summarises the key stories related to the Income Tax Appellate Tribunal (ITAT) reported at Taxscan during this month from April 1st to April 6th 2025 CIT(A)...

ITAT Deletes Rs.22.93 Lakh Penalty on Builder, Cites Auditor’s Mistake & Lack of Intent to Evade Tax [Read Order]

The Income Tax Appellate Tribunal (ITAT), Pune Bench, has cancelled a penalty of Rs.22.93 lakh that was imposed on Silver Oak Buildcon Private Limited, a construction company based in Pune. The...

Vivad Se Vishwas Scheme 2024 opted by Assessee: ITAT dismisses Appeal as Withdrawn [Read Order]

The Allahabad Bench of the Income Tax Appellate Tribunal (ITAT), dismissed an appeal filed by a resident of Clive Road, Civil Lines, Allahabad, after she opted to settle her tax dispute under the...

ITAT rules No Penalty u/s 270A for Misreporting Income Due to Correct Filing and Tax Payment [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT) ruled that no penalty under Section 270A of Income Tax Act,1961, for misreporting income was applicable due to correct filing and tax...

AO Denies Immunity from Penalty for Late Filing of Form 28: ITAT Restores Matter as CIT(A) fails to decide on merits [Read Order]

The Cochin Bench of the Income Tax Appellate Tribunal (ITAT) restored the matter, stating that the Commissioner of Income Tax (Appeals) [CIT(A)] failed to decide the immunity application regarding...