![Defect in Notice u/s 271(1)(c) of IT Act issued in 1993 cannot be raised, even in absence of prejudice to Assessee: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Bombay-High-Court-Income-Tax-Notice-defect-Assessee-Tax-news-Bombay-HC-taxscan.jpg "Defect in Notice u/s 271(1)(c) of IT Act issued in 1993 cannot be raised, even in absence of prejudice to Assessee: Bombay HC [Read Order]")
Defect in Notice u/s 271(1)(c) of IT Act issued in 1993 cannot be raised, even in absence of prejudice to Assessee: Bombay HC [Read Order]
In a significant case, the Bombay High Court held that defect in notice under Section 271(1)(C) of the Income Tax Act 1961 issued in 1993 could not...
![Displacement of fair market value supported by valuation report by AO: ITAT deletes penalty u/s 271(1)(c) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/itat-delhi-Fair-Market-Value-Displacement-Income-Tax-Act-Penalty-Removal-Tax-Penalty-Deletion-Case-taxscan.jpg "Displacement of fair market value supported by valuation report by AO: ITAT deletes penalty u/s 271(1)(c) of Income Tax Act [Read Order]")
![Fresh Assessment Order under Income Tax Act passed without Revising Penalty Proceeding: Kerala HC directs to Revise Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Income-Tax-penalty-revision-Kerala-High-Court-Assessment-Order-Penalty-proceedings-revision-Penalty-taxscan.jpg "Fresh Assessment Order under Income Tax Act passed without Revising Penalty Proceeding: Kerala HC directs to Revise Penalty [Read Order]")
![Penalty Proceedings under Income Tax Act initiated on wrong assumption: Madras HC sets aside the proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Penalty-Proceedings-Income-Tax-Act-Wrong-Assumption-Madras-HC-Proceedings-TAXSCAN.jpg "Penalty Proceedings under Income Tax Act initiated on wrong assumption: Madras HC sets aside the proceedings [Read Order]")
![Relief to Agriculturist and Auto Driver: Bombay HC quashes Sanction and Assessment Order given u/s 151(i) instead of 151(ii) of IT Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Agriculturist-Auto-Driver-Bombay-High-Court-Assessment-Order-tax-assessments-improper-sanction-taxscan.jpg "Relief to Agriculturist and Auto Driver: Bombay HC quashes Sanction and Assessment Order given u/s 151(i) instead of 151(ii) of IT Act [Read Order]")
Notice u/s 271 (1)(c) of Income Tax Act issued Without Specifying Charge and Striking off Irrelevant Limp: ITAT quashes Penalty Proceedings [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has quashed the penalty proceedings as the notice under Section 271(1)(c) of the Income Tax Act 1961 was issued without specifying the charge...
![Notice u/s 271 (1)(c) of Income Tax Act issued Without Specifying Charge and Striking off Irrelevant Limp: ITAT quashes Penalty Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Income-Tax-Act-issued-Specifying-Charge-Irrelevant-Limp-ITAT-quashes-Penalty-Proceedings-taxscan.jpg "Notice u/s 271 (1)(c) of Income Tax Act issued Without Specifying Charge and Striking off Irrelevant Limp: ITAT quashes Penalty Proceedings [Read Order]")
No Penalty u/s 271(1)(c) can be Imposed, Without Assistance of Assessee in Prosecuting the Levy of Penalty Proceedings: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench, has recently, in an appeal filed before it, held that no penalty under Section 271(1)(c) can be imposed, without the assistance of the assessee...
![No Penalty u/s 271(1)(c) can be Imposed, Without Assistance of Assessee in Prosecuting the Levy of Penalty Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/No-Penalty-Imposed-Assistance-of-Assessee-Assessee-Penalty-Proceedings-Proceedings-ITAT-Income-Tax-Taxscan.jpg "No Penalty u/s 271(1)(c) can be Imposed, Without Assistance of Assessee in Prosecuting the Levy of Penalty Proceedings: ITAT [Read Order]")
Non-Specifying of Specific Limb in Penalty Notice will not Invalidate Penalty Proceedings When Assessee is a Non-filer: ITAT
The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has held that non specifying of specific limb in penalty notice would not invalidate penalty proceedings when assessee had been a...
Defect in Statutory Notice in Not Striking Out of Irrelevant Ground Vitiates Penalty Proceedings: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, in an appeal filed before it, held that defect in statutory notice in not striking out of irrelevant ground vitiates penalty...
![Defect in Statutory Notice in Not Striking Out of Irrelevant Ground Vitiates Penalty Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Statutory-Notice-Penalty-Proceedings-ITAT-Penalty-income-tax-taxscan.jpg "Defect in Statutory Notice in Not Striking Out of Irrelevant Ground Vitiates Penalty Proceedings: ITAT [Read Order]")
![Mere Ignorance of Law cannot be a Reason to Quash Penalty Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Mere-Ignorance-of-Law-Penalty-ITAT-Taxscan.jpeg "Mere Ignorance of Law cannot be a Reason to Quash Penalty Proceedings: ITAT [Read Order]")
Income Tax: No Penalty leviable if Addition made on Bogus Purchases is on estimated basis, rules ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench ruled that penalty is not leviable if addition made on bogus purchases is on an estimated basis. The assessee, M/s. Toshvin Analytical...
![Penalty under Wealth Tax Act can’t be levied without any specific findings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/Penalty-Wealth-Tax-Act-ITAT-Taxscan.jpeg "Penalty under Wealth Tax Act can’t be levied without any specific findings: ITAT [Read Order]")