![Penalty u/s 271B Not Leviable once Penalty Levied for Non-Maintenance of Books of Accounts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Penalty-Non-Maintenance-Books-of-Accounts-ITAT-TAXSCAN.jpg "Penalty u/s 271B Not Leviable once Penalty Levied for Non-Maintenance of Books of Accounts: ITAT [Read Order]")
Penalty u/s 271B Not Leviable once Penalty Levied for Non-Maintenance of Books of Accounts: ITAT [Read Order]
The Jaipur bench of Income Tax Appellate Tribunal (ITAT) has recently held that penalty under section 271 B of Income Tax Act 1961...
![Income Tax Addition cannot be made Merely Based on Assumption and Presumption: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Income-Tax-Addition-Income-Tax-Assumption-Presumption-ITAT-Taxscan.jpg "Income Tax Addition cannot be made Merely Based on Assumption and Presumption: ITAT [Read Order]")
![Registration to Trust cannot be Cancelled for Mere Non-compliance of Notice during Covid-19 Period: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Registration-Registration-to-Trust-Non-compliance-of-Notice-Notice-Covid-19-Period-ITAT-Taxscan.jpg "Registration to Trust cannot be Cancelled for Mere Non-compliance of Notice during Covid-19 Period: ITAT [Read Order]")
![Penalty u/s 271F cannot be Levied If there is “Reasonable Cause”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Penalty-Reasonable-Cause-ITAT-Levied-Taxscan.jpg "Penalty u/s 271F cannot be Levied If there is “Reasonable Cause”: ITAT [Read Order]")
Penalty u/s 271B of Income Tax Act cannot be Imposed for Not Getting Books of Accounts Audited for Violation of S. 44AB: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Jaipur Bench, has recently, in an appeal filed before it, held that penalty u/s 271B of Income Tax Act cannot be imposed for not getting books of accounts...
![Penalty u/s 271B of Income Tax Act cannot be Imposed for Not Getting Books of Accounts Audited for Violation of S. 44AB: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Penalty-Income-Tax-Act-Income-Tax-Books-of-Accounts-Audit-ITAT-Taxscan.jpg "Penalty u/s 271B of Income Tax Act cannot be Imposed for Not Getting Books of Accounts Audited for Violation of S. 44AB: ITAT [Read Order]")
Agricultural Land is Not Capital Asset u/s 2(14)(iii)(b) of Income Tax Act, No Capital Gain: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Jaipur Bench, has recently, in an appeal filed before it, held that there is no capital gain in case of agricultural land as the same is not a capital...
![Agricultural Land is Not Capital Asset u/s 2(14)(iii)(b) of Income Tax Act, No Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Agricultural-Land-Capital-Asset-Income-Tax-Act-Income-Tax-Tax-Capital-Gain-ITAT-Taxscan.jpg "Agricultural Land is Not Capital Asset u/s 2(14)(iii)(b) of Income Tax Act, No Capital Gain: ITAT [Read Order]")
Amount paid for Acquiring Title of Property under Dispute shall be Treated as Expenditure for Transfer of Property: ITAT [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal (ITAT) has held that the amount paid for acquiring the title of the property under dispute would be treated as expenditure for transfer of property. ...
![Amount paid for Acquiring Title of Property under Dispute shall be Treated as Expenditure for Transfer of Property: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Amount-Title-of-Property-Expenditure-Transfer-of-Property-Income-Tax-ITAT-taxscan.jpg "Amount paid for Acquiring Title of Property under Dispute shall be Treated as Expenditure for Transfer of Property: ITAT [Read Order]")
Disallowance of Claim does not mean that Particulars furnished by Assessee are Wrong: ITAT deletes Penalty [Read Order]
The Income Tax Appellate Tribunal (ITAT), Jaipur Bench, has recently in an appeal filed before it, while deleting the penalty, held that disallowance of claim does not mean that particulars furnished...
![Disallowance of Claim does not mean that Particulars furnished by Assessee are Wrong: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Disallowance-of-Claim-ITAT-Penalty-taxscan.jpg "Disallowance of Claim does not mean that Particulars furnished by Assessee are Wrong: ITAT deletes Penalty [Read Order]")
Penal Provisions of S. 271AAB and 115BBE cannot Attract Once Search Addition and Amount declared u/s 132(4) Accepted by Assessee: ITAT [Read Order]
The Jaipur bench of Income Tax Appellate Tribunal (ITAT) recently held that penal provisions of section 271AAB and section 115 BBE could not be attracted if once search addition and amount has been...
![Penal Provisions of S. 271AAB and 115BBE cannot Attract Once Search Addition and Amount declared u/s 132(4) Accepted by Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Search-Addition-Assessee-ITAT-TAXSCAN.jpg "Penal Provisions of S. 271AAB and 115BBE cannot Attract Once Search Addition and Amount declared u/s 132(4) Accepted by Assessee: ITAT [Read Order]")
Income Tax Registration u/s 12AB cannot be Denied to Trust After Supplying All Desired Information as per Query Letter: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Jaipur Bench, has recently, in an appeal filed before it, held that income tax registration u/s 12AB cannot be denied to trust, after supplying all desired...
![Income Tax Registration u/s 12AB cannot be Denied to Trust After Supplying All Desired Information as per Query Letter: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Income-Tax-Registration-ITAT-income-tax-taxscan.jpg "Income Tax Registration u/s 12AB cannot be Denied to Trust After Supplying All Desired Information as per Query Letter: ITAT [Read Order]")
![Marketing and Survey Expenses are allowable as Deduction u/s 37(1) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Marketing-and-Survey-Expenses-Marketing-Survey-Expenses-Deduction-Income-Tax-Act-Income-Tax-ITAT-Tax-Taxscan.jpg "Marketing and Survey Expenses are allowable as Deduction u/s 37(1) of Income Tax Act: ITAT [Read Order]")