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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...
![Annual Digest 2024 - Supreme Court - High Court - Supreme Court and High Court Cases - Supreme Court and High Court Cases on Taxation [Part 29] - taxscan](https://www.taxscan.in/wp-content/uploads/2024/12/Annual-Digest-2024-Supreme-Court-High-Court-Supreme-Court-and-High-Court-Cases-Supreme-Court-and-High-Court-Cases-on-Taxation-Part-29-taxscan.jpg "Annual Digest 2024 - Supreme Court - High Court - Supreme Court and High Court Cases - Supreme Court and High Court Cases on Taxation [Part 29] - taxscan")
![Loan payments made through bank transfers and not bearer Cheques: ITAT deletes penalty imposed u/s 271E of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Income-Tax-Tax-new-ITAT-Delhi-Loan-payment-taxscan.jpg "Loan payments made through bank transfers and not bearer Cheques: ITAT deletes penalty imposed u/s 271E of Income Tax Act [Read Order]")
![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]")
![Notice u/s 274 of Income Tax Act not to be issued before Period of Limitation: Delhi HC dismisses Income Tax Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Income-Tax-Act-Delhi-High-Court-income-tax-appeal-taxscan.jpg "Notice u/s 274 of Income Tax Act not to be issued before Period of Limitation: Delhi HC dismisses Income Tax Appeal [Read Order]")
Transaction Between 2 Companies Cannot come u/s 269SS on Amalgamation: ITAT Deletes Penalty u/s 271E [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has deleted the penalty under Section 271E of the Income Tax Act 1961 holding that the transaction between 2 companies could not come under...
![Transaction Between 2 Companies Cannot come u/s 269SS on Amalgamation: ITAT Deletes Penalty u/s 271E [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Transaction-Between-2-Companies-Transaction-2-Companies-Amalgamation-ITAT-Deletes-Penalty-taxscan-Income-tax-itat-.jpg "Transaction Between 2 Companies Cannot come u/s 269SS on Amalgamation: ITAT Deletes Penalty u/s 271E [Read Order]")
![Penalty won’t attract for Genuine Cash Transactions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Cash-Transactions.jpg "Penalty won’t attract for Genuine Cash Transactions: ITAT [Read Order]")