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![Levy of Penalty u/s 271AAB of Income Tax Act is not Mandatory or Automatic: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Levy-Penalty-Income-Tax-Act-Mandatory-Automatic-ITAT-taxscan.jpg "Levy of Penalty u/s 271AAB of Income Tax Act is not Mandatory or Automatic: ITAT [Read Order]")
Levy of Penalty u/s 271AAB of Income Tax Act is not Mandatory or Automatic: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the levy of penalty under Section 271AAB of the Income Tax Act, 1961 is not...
![Madras High Court quashes levy of Penalty under Section 112(a) or 114AA of the Customs Act as SCN not issued by Proper Officer [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Madras-High-Court-levy-of-penalty-Customs-Act-1962-SCN-proper-officer-Taxscan.jpg "Madras High Court quashes levy of Penalty under Section 112(a) or 114AA of the Customs Act as SCN not issued by Proper Officer [Read Order]")
![Levy of Penalty for non-filing of quarterly TDS Statement in Form 27EQ is invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Levy-of-Penalty-quarterly-TDS-Statement-Form-27EQ-ITAT-Taxscan.jpg "Levy of Penalty for non-filing of quarterly TDS Statement in Form 27EQ is invalid: ITAT [Read Order]")