Failure to clarify as to which limb of Section 271(1)(c) of Income Tax Act attracted in imposition of Penalty: Delhi HC upholds deletion of Penalty [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]

ITAT deletes Penalty u/s 271B for the assessee being able to establish reasonable cause behind their failure deserves to be considered u/s 274 [Read Order]

Levy of Penalty u/s 271AAB of Income Tax Act is not Mandatory or Automatic: ITAT [Read Order]

Inadvertent Error in statement during Hearing cannot be Reason for Levy of penalty u/s 272(1)(c) of Income Tax Act: ITAT quashes Penalty against Kotak Mahindra Bank [Read Order]

Penalty for Inaccurate Particular Not Imposable when Assessee Paid Tax before Issue of Reassessment notice under Income Tax Act: ITAT [Read Order]