![Quashing of Income Tax Penalty would Invalidate further Criminal Proceedings: Jharkhand HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Tax-Penalty-Criminal-Proceedings-Jharkhand-HC-taxscan.jpg "Quashing of Income Tax Penalty would Invalidate further Criminal Proceedings: Jharkhand HC [Read Order]")
Quashing of Income Tax Penalty would Invalidate further Criminal Proceedings: Jharkhand HC [Read Order]
A Single Bench of Justice Sanjay Kumar Dwivedi at Jharkhand High Court has recently set aside the entire criminal proceedings against Karta of a...
![Mere Making of a Wrong Claim would not attract Income Tax Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Tax-Income-Tax-Penalty-ITAT-taxscan.jpg "Mere Making of a Wrong Claim would not attract Income Tax Penalty: ITAT [Read Order]")
![No Income Tax Penalty u/s 44A and 44B if the Commission receipt falls below Threshold Limit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/No-Income-Tax-Penalty-Commission-receipt-falls-below-Threshold-Limit-ITAT-TAXSCAN.jpg "No Income Tax Penalty u/s 44A and 44B if the Commission receipt falls below Threshold Limit: ITAT [Read Order]")
![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]")
![Bonafide- Silly Mistakes in Tax Audit Report would not attract Income Tax penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Tax-Audit-Report-Income-Tax-penalty-ITAT-taxscan.jpeg "Bonafide- Silly Mistakes in Tax Audit Report would not attract Income Tax penalty: ITAT [Read Order]")
Genuineness of Cash Sales cannot be Proved Merely on ground of Acceptance by VAT Authorities: Himachal Pradesh HC upholds Income Tax Penalty [Read Order]
The Himachal Pradesh High Court has held that acceptance of cash sales by the VAT authorities cannot be a sole ground to prove the genuineness of the transactions in order to remove the penalty under...
![Genuineness of Cash Sales cannot be Proved Merely on ground of Acceptance by VAT Authorities: Himachal Pradesh HC upholds Income Tax Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Cash-Sales-VAT-Authorities-Himachal-Prades-HC-Income-Tax-Penalty-taxscan-1.jpg "Genuineness of Cash Sales cannot be Proved Merely on ground of Acceptance by VAT Authorities: Himachal Pradesh HC upholds Income Tax Penalty [Read Order]")
![Set Off of Business Loss by Showing Bogus Transactions: ITAT upholds Income Tax Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Business-Loss-Bogus-Transactions-ITAT-Income-Tax-Penalty-taxscan.jpeg "Set Off of Business Loss by Showing Bogus Transactions: ITAT upholds Income Tax Penalty [Read Order]")
Mere existence of Addition on Income during Assessment Proceedings does not attract Income Tax Penalty: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) has held that the mere existence of addition on income during assessment proceedings does not attract Income Tax Penalty. The...
![Mere existence of Addition on Income during Assessment Proceedings does not attract Income Tax Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-Assessment-Proceeding-Income-Tax-Penalty-ITAT-taxscan.jpg "Mere existence of Addition on Income during Assessment Proceedings does not attract Income Tax Penalty: ITAT [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 quashed the proceedings on the ground that Income...
![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 cannot be levied on Voluntarily Surrendered Income during Survey: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench has held that the income tax penalty under section 271(1)(c) of the Income Tax Act, 1961 cannot be levied on assessee since he surrendered the...
![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]")