![No penalty shall be imposed u/s 271B of Income Tax Act on reason of Return not Appearing E-Filing Portal: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/No-penalty-shall-be-imposed-Income-Tax-Act-reason-of-Return-not-Appearing-E-Filing-Portal-E-Filing-Portal-ITAT-Taxscan.jpg "No penalty shall be imposed u/s 271B of Income Tax Act on reason of Return not Appearing E-Filing Portal: ITAT [Read Order]")
No penalty shall be imposed u/s 271B of Income Tax Act on reason of Return not Appearing E-Filing Portal: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has recently held that no penalty should be imposed under Section 271B of the Income...
Export Incentives such as Duty Draw Back and MEIS, Assessable as ‘Profits or Gains from Business or Profession’: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Vishakhapatnam Bench, has recently, in an appeal filed before it, held that export incentives such as duty draw back and MEIS, are assessable as ‘profits or...
![Export Incentives such as Duty Draw Back and MEIS, Assessable as ‘Profits or Gains from Business or Profession’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Export-Export-Incentives-Duty-Draw-Back-MEIS-Profits-or-Gains-Profits-Gains-Business-or-Profession-Business-Profession-ITAT-Income-tax-Taxscan.jpg "Export Incentives such as Duty Draw Back and MEIS, Assessable as ‘Profits or Gains from Business or Profession’: ITAT [Read Order]")
Income Tax Update: Form No. 3CEF, 58C, 58D, 27C, 3BB, 3BC, 10BC and 28A Available for E-filing on Portal
The income tax department has informed the taxpayers that Forms 3CEF, 58C, 58D, 27C, 3BB, 3BC, 10BC and 28A are now available on the E-Filing portal as per DGIT(S) Notification No.3/2022. Last...
New Record of over 72.42 lakh Income Tax Returns filed on a single day: About 5.83 cr ITRs filed till 31st July
The Income Tax Department has expressed its gratitude to taxpayers and tax professionals for making compliances in time leading to a surge in filing of Income Tax Returns (ITRs) resulting in a new...
