![Income Tax Penalty Notice does not specify under which limb of section 271(1)(c) the Penalty proceedings had been initiated: ITAT quashes Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-Tax-Penalty-Notice-penalty-proceedings-ITAT-taxscan.jpeg "Income Tax Penalty Notice does not specify under which limb of section 271(1)(c) the Penalty proceedings had been initiated: ITAT quashes Proceedings [Read Order]")
Income Tax Penalty Notice does not specify under which limb of section 271(1)(c) the Penalty proceedings had been initiated: ITAT quashes Proceedings [Read Order]
The Income Tax Appellate Tribunal (ITAT), Raipur bench consisting of Ravish Sood, Judicial Member, and Rathod Kamlesh Jayantbhai, Accountant Member...
![Income Tax Penalty cannot be levied on Voluntarily Surrendered Income during Survey: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-Tax-Penalty-levied-Voluntarily-surrendered-Income-Survey-ITAT-Taxscan.jpg "Income Tax Penalty cannot be levied on Voluntarily Surrendered Income during Survey: ITAT [Read Order]")
![Oversight to submit Form 16 cannot attract Tax Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Form-16-Tax-Penalty-ITAT-taxscan.jpg "Oversight to submit Form 16 cannot attract Tax Penalty: ITAT [Read Order]")
![Income Tax Penalty not leviable in the Absence of Specific Charge against Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-Tax-Penalty-leviable-Assessee-ITAT-taxscan.jpeg "Income Tax Penalty not leviable in the Absence of Specific Charge against Assessee: ITAT [Read Order]")
![Income Tax Penalty u/s 271E cannot be levied in the absence of Regular Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-Tax-Penalty-Regular-Assessment-ITAT-Taxscan.jpeg "Income Tax Penalty u/s 271E cannot be levied in the absence of Regular Assessment: ITAT [Read Order]")
Income Tax Penalty cannot be imposed for Claim of Expenditure due to Wrong Professional Advice: ITAT
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the income tax penalty under section 271(1) of the Income Tax Act, 1961 cannot be imposed for the claim of expenditure...
![ITAT deletes Income Tax Penalty on Air India Subsidiary [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/ITAT-Income-Tax-Penalty-Income-Tax-Penalty-Air-India-Subsidiary-Taxscan.jpg "ITAT deletes Income Tax Penalty on Air India Subsidiary [Read Order]")
Income Tax Penalty cannot be Imposed Unless Assessee Obliged in Law, Either acted deliberately in Defiance of Law or Guilty of Dishonest Conduct: ITAT [Read Order]
The Income Tax Appellate Tribunal, Delhi bench held that the income tax penalty under section 271(1)(c) of the Income Tax Act, 1961 cannot be imposed unless assessee obliged in law, either acted...
![Income Tax Penalty cannot be Imposed Unless Assessee Obliged in Law, Either acted deliberately in Defiance of Law or Guilty of Dishonest Conduct: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Income-Tax-Penalty-cannot-be-Imposed-Assessee-Obliged-in-Law-deliberately-Defiance-of-Law-Guilty-Dishonest-Conduct-ITAT-Taxscan-.jpeg "Income Tax Penalty cannot be Imposed Unless Assessee Obliged in Law, Either acted deliberately in Defiance of Law or Guilty of Dishonest Conduct: ITAT [Read Order]")
![Penalty cannot be solely based on Addition without proving Concealment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Penalty-cannot-solely-Addition-proving-Concealment-ITAT-Taxscan.jpeg "Penalty cannot be solely based on Addition without proving Concealment: ITAT [Read Order]")
Assessee failed to comply with S. 142(1) Notice & Consent Form for alleged holding of Swiss Bank Account: Delhi HC upholds Income Tax Penalty [Read Order]
A division bench of the Delhi High Court, holding that no Prejudice would be caused if the assessee complies with section 142(1) notice and the Consent Form for the alleged holding of the Swiss Bank...
![Assessee failed to comply with S. 142(1) Notice & Consent Form for alleged holding of Swiss Bank Account: Delhi HC upholds Income Tax Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Assessee-S.-1421-Notice-Consent-Form-alleged-holding-Swiss-Bank-Account-Delhi-High-Court-Income-Tax-Penalty-Income-tax-Taxscan.jpg "Assessee failed to comply with S. 142(1) Notice & Consent Form for alleged holding of Swiss Bank Account: Delhi HC upholds Income Tax Penalty [Read Order]")
Bonafide Mistakes during Initial Year of Income Tax E-Assessment can be Ignored: ITAT deletes Income Tax Penalty [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, while quashing a penalty order under section 272A(1)(d) of the Income Tax Act, 1961 held that the year, 2019 being the initial year of shift...
![Bonafide Mistakes during Initial Year of Income Tax E-Assessment can be Ignored: ITAT deletes Income Tax Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Bonafide-Bonafide-Mistakes-Initial-Year-Income-Tax-E-Assessment-Income-Tax-E-Assessment-ITAT-Income-Tax-Penalty-Taxscan.jpg "Bonafide Mistakes during Initial Year of Income Tax E-Assessment can be Ignored: ITAT deletes Income Tax Penalty [Read Order]")
![Bonafide Deduction Claim does not attract Income Tax Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Bonafide-Deduction-Claim-Income-Tax-Penalty-ITAT-Taxscan.jpg "Bonafide Deduction Claim does not attract Income Tax Penalty: ITAT [Read Order]")