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Income Tax Penalty

Payment from SET Satellite (Singapore) P. ltd are not Taxable as ‘royalty’ under Article 12(2) of India-Singapore Treaty: ITAT [Read Order]

Shabna Rahim

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the payments from the SET Satellite (Singapore) Pte Ltd are not taxable as...

Madras High Court Adjourns Actor Vijay's Plea Over ₹1.5 Crore Income Tax Penalty

Income Tax Penalty u/s 271(1)(c) Not Leviable After Offering Concealed Income under IDS Scheme: ITAT...

No Income Tax Penalty if Addition is Made on Estimated Basis on Alleged Bogus Purchase: ITAT [Read...

Allahabad HC upholds Tax Penalty u/s 74 UPGST Act imposed on Resort Owner based on Corroborative...

Non-Application of Mind by AO: ITAT quashes Income Tax Penalty u/s 271(1)(c) [Read Order]

The Income Tax Appellate Tribunal (ITAT), Pune Bench, has recently, in an appeal filed before it, held that penalty under section 271 (1) (c) cannot be imposed by AO, by non-application of mind. ...

Non-Submission of TDS Statement due to Reasonable Cause: ITAT upholds Deletion of Income Tax Penalty [Read Order]

The Income Tax Appellate Tribunal (ITAT), Jodhpur Bench, has recently, in an appeal filed before it, on account of non- submission of TDS statement due to reasonable cause, upheld the deletion of...

Income Tax Penalty u/s 270A cannot be Levied when Disallowance made on Estimate Basis: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has recently, in an appeal filed before it, held that income tax penalty under Section 270A of the Income Tax Act, 1961 cannot be levied, when...

Income Tax Penalty cannot be attracted for Application of S. 50C: ITAT [Read Order]

The Delhi bench of Income Tax Appellate Authority (ITAT) has recently held that the Income tax penalty could not be attracted for application of section 50C of Income Tax Act 1961. Section 50C of...

Imposition of Income Tax Penalty u/s 271(1)(c) instead of 271AAB: Jharkhand HC upholds ITAT Order Deleting Penalty [Read Order]

The Jharkhand High Court has recently upheld the order of the Income Tax Appellate Tribunal ( ITAT ) against the revenue, nodding to the deletion of penalty imposed on the assessee under Section...

Income Tax Penalty u/s 271E cannot be Imposed Mechanically: ITAT [Read Order]

The Delhi bench of Income Tax Appellate Tribunal (ITAT) recently held that Income Tax Penalty under section 271E of Income Tax Act 1961 could not be imposed mechanically. Assesee Devinder Gupta...

Income Tax Penalty u/s 271(1)(c)cannot be Levied based on Information from Outside Agency/ Dept: ITAT [Read Order]

In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that income tax penalty under section 271(1)(c) cannot be levied based on Information from outside...

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