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![No Income Tax Penalty for Disallowance of Bonafide Claim: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Income-Tax-Penalty-Bonafide-Claim-ITAT-taxscan.jpeg "No Income Tax Penalty for Disallowance of Bonafide Claim: ITAT [Read Order]")
No Income Tax Penalty for Disallowance of Bonafide Claim: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has, recently in an appeal filed before it, held that income tax penalty shall not be imposed...
![Penalty can’t be levied for Rejection of Bonafide Claim: Bombay High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/05/Appellate-Court-Bombay-High-Court-Taxscan.jpg "Penalty can’t be levied for Rejection of Bonafide Claim: Bombay High Court [Read Order]")