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![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]")
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...
![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]](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]](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]")
![Payment to SEBI under Consent Order is Business Expenditure: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/11/CA-Certificate-ITAT-Taxscan.jpg "Payment to SEBI under Consent Order is Business Expenditure: ITAT deletes Penalty [Read Order]")
No Penalty for Cash Payment made out of Money from Unorganized Finance Sector due to Insistence of Lenders: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that no penalty under section 271D of the Income Tax Act can be levied for cash transactions above the permitted limit if such...
![No Penalty for Cash Payment made out of Money from Unorganized Finance Sector due to Insistence of Lenders: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Cash-Payments.jpg "No Penalty for Cash Payment made out of Money from Unorganized Finance Sector due to Insistence of Lenders: ITAT [Read Order]")
![Penalty Notice not specifying Charge is Defective: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/12/Tax-Notice-Taxscan.jpg "Penalty Notice not specifying Charge is Defective: ITAT [Read Order]")
![Mere Non-production of Parties won’t constitute ‘Concealment’: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/Penalty-TaxScan.jpg "Mere Non-production of Parties won’t constitute ‘Concealment’: ITAT deletes Penalty [Read Order]")
![No Penalty since Assessee surrendered Additional Income and paid Due Taxes: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/No-Penalty-TaxScan.jpg "No Penalty since Assessee surrendered Additional Income and paid Due Taxes: ITAT [Read Order]")
![Non-Filing of Form 26A before DGIT (Systems) won’t attract Addition u/s 40(a)(ia): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Non-Filing of Form 26A before DGIT (Systems) won’t attract Addition u/s 40(a)(ia): ITAT [Read Order]")