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![Quantification of Penalty depends on Addition made to Income of Assessee: ITAT [Read Order] Quantification of Penalty depends on Addition made to Income of Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/Penalty-TaxScan.jpg)
Quantification of Penalty depends on Addition made to Income of Assessee: ITAT [Read Order]
While hearing the case of Kamlesh P. Modi and Rohit P. Modi, Ahmedabad bench of Income Tax Appellate Tribunal (ITAT) ruled that quantification of...



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![No Penalty for Delay in filing Return since Assessee was unaware of IT Provisions and Dept did not inform responsibilities: ITAT [Read Order] No Penalty for Delay in filing Return since Assessee was unaware of IT Provisions and Dept did not inform responsibilities: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Return-Filing-Taxscan.jpg)
![Assessee gets ‘Benefit of Doubt’, ITAT deletes Penalty [Read Order] Assessee gets ‘Benefit of Doubt’, ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg)
![Loss of Consumable Stock can be held as Accidental to Business: ITAT Allows Deduction [Read Order] Loss of Consumable Stock can be held as Accidental to Business: ITAT Allows Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Consumable-Stock-Rasna-Taxscan.jpg)
![ITAT rejects Fake Claim for Deduction of Salary paid to Husband and Daughter [Read Order] ITAT rejects Fake Claim for Deduction of Salary paid to Husband and Daughter [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Salary-Taxscan.jpg)
![Depreciation allowable for Lab Equipments and Electrical Installation: ITAT [Read Order] Depreciation allowable for Lab Equipments and Electrical Installation: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Depreciation-Taxscan.jpg)
![Furniture and Fixtures purchased along with New House will get Benefit of s. 54F If they are Integral part of Purchase: ITAT [Read Order] Furniture and Fixtures purchased along with New House will get Benefit of s. 54F If they are Integral part of Purchase: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/New-House.jpg)
![Firm cannot be Assessed for Unexplained Cash Credits in respect of Capital introduction by It’s Partner: ITAT [Read Order] Firm cannot be Assessed for Unexplained Cash Credits in respect of Capital introduction by It’s Partner: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Partners-Taxscan.jpg)
![Making Reference to DVO is mandatory for invoking Sec 50C (2): ITAT [Read Order] Making Reference to DVO is mandatory for invoking Sec 50C (2): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg)
![Receipt from Employer for settling Industrial Dispute Eligible for Exemption as Retrenchment Compensation u/s 10(10B): ITAT [Read Order] Receipt from Employer for settling Industrial Dispute Eligible for Exemption as Retrenchment Compensation u/s 10(10B): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/06/Compensation-Taxscan.jpg)
![Addition can’t be made in respect of Unutilized Cenvat Credit: ITAT Ahmedabad [Read Order] Addition can’t be made in respect of Unutilized Cenvat Credit: ITAT Ahmedabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg)