Read all Latest Updates on and about Section 271C of the Income Tax Act

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Section 271C of the...

Relief to NHAI: ITAT Quashes Income Tax Penalty beyond 6 Months as Time-Barred & Unsustainable after Deletion of Quantum Addition [Read Order]

Avinash Kurungot

The Lucknow Bench “A” of the Income Tax Appellate Tribunal (ITAT) recently granted relief to the National Highways Authority of India (NHAI) by...

Rejection of Income Tax Appeal citing Time Barred by One Day: ITAT sets aside NFAC’s Dismissal on...

JCIT issues Penalty Order under Income Tax Act beyond Limitation, Deemed Invalid: ITAT deletes...

Ex-Parte order passed for Non-Appearance of Assessee: ITAT grants another opportunity giving relief...

No TDS on Payment of EDC to HUDA: ITAT deletes Penalty u/s 271C [Read Order]

No TDS u/s 194A on Interest Payments to Agra Development Authority: Supreme Court [Read Order]

The Supreme Court of India ruled that, TDS is not applicable under Section 194A of the Income Tax Act on Interest Payments to Agra Development Authority. The Appellant Union Bank of India has...

TDS is Payable on Payment of Non-Competent Fee when Assessee treated the same as Business Expenditure: ITAT [Read Order]

The Income Tax Appellate Tribunal Hyderabad bench recently ruled that TDS is payable on payment of Non-Competent Fee when Assessee treated the same as Business Expenditure. The Tribunal bench...

Short-Deduction of Tax due to bonafide Confusion would not attract Penalty: ITAT [Read Order]

While allowing the appeal filed by the assessee Kolkata bench of Income Tax Appellate Tribunal (ITAT) recently declared that penalty under Section 271C of the Income Tax Act would not attract when...

ITAT Deletes Penalty against Jaypee Sports Internationals as there was Reasonable Cause for Non-Deduction of Tax on Lease Rent [Read Order]

While deleting penalty proceedings under Section 271C of the Income Tax Act initiated by the department, the ITAT held that there was reasonable cause for not deducting tax and therefore, the levy is...

TDS not applicable to Bank Guarantee Commission: ITAT follows CBDT Circular [Read Order]

The Income Tax Appellate Tribunal, Delhi bench comprising of Judicial Member Shri.Sudhanshu Srivasthava and Accountant Member Shri.Prashant Maharishi held that the provisions relating to TDS under...

Payment by ITC Ltd to Airport Authority of India for Use of Lounge Premises is ‘Rent’: Delhi HC [Read Judgment]

A division bench of the Delhi High Court in CIT v. ITC Ltd, held that the payment of royalty made by the Assessee to the Airport Authority of India (AAI) for the use of lounge premises under the...