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![Penalty need not be levied in case of every Addition Confirmed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Penalty-Tax-Scan.jpg "Penalty need not be levied in case of every Addition Confirmed: ITAT [Read Order]")
Penalty need not be levied in case of every Addition Confirmed: ITAT [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal in the case of M/s. Advance Power Display Systems Ltd versus DCIT on Monday ruled that levy of...
![Civil Contractor can’t be penalized u/s 271A of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Civil-Contractor-Taxscan.jpg "Civil Contractor can’t be penalized u/s 271A of Income Tax Act: ITAT [Read Order]")
![No Penalty If Cash above Rs 20000 received from Brother and Father due to Business Exigencies: Income Tax Tribunal [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Cash-Transactions.jpg "No Penalty If Cash above Rs 20000 received from Brother and Father due to Business Exigencies: Income Tax Tribunal [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]")
No Penalty since Assessee Voluntarily Surrendered Income, Paid Tax and Explained Its Source: ITAT [Read Order]
While dismissing a departmental appeal, the Delhi ITAT ruled that penalty under section 271AAA of the Income Tax Act cannot be levied since Assessee voluntarily surrendered Income, paid Tax and...
![No Penalty since Assessee Voluntarily Surrendered Income, Paid Tax and Explained Its Source: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "No Penalty since Assessee Voluntarily Surrendered Income, Paid Tax and Explained Its Source: ITAT [Read Order]")
![Demand and Penalty based on Third Party Evidence is Invalid: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Evidence-Taxscan.jpg "Demand and Penalty based on Third Party Evidence is Invalid: CESTAT [Read Order]")
Penalty u/s 271B can’t be initiated for non-furnishing of Tax Audit Report within Due Date: ITAT [Read Order]
In Mr. Prem Prakash Senapati vs. ITO, the Cuttack bench of Income Tax Appellate Tribunal (ITAT) held that penalty under Section 271B of the Income Tax Act, 1961 cannot be initiated for failure of the...
![Penalty u/s 271B can’t be initiated for non-furnishing of Tax Audit Report within Due Date: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Audit-Taxscan.jpg "Penalty u/s 271B can’t be initiated for non-furnishing of Tax Audit Report within Due Date: ITAT [Read Order]")
Reason for Reducing the Normal Time Period to Pay the Penalty should be Communicated to the Assessee: Bombay High Court [Read Judgment]
In White Pay LLP vs. The Income tax Officer, a division bench of the Bombay High Court held that the Assessing officer has an obligation to provide reasons to the assessee while reducing the normal...
![Reason for Reducing the Normal Time Period to Pay the Penalty should be Communicated to the Assessee: Bombay High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/04/Penalty-Bombay-High-Court-Taxscan.jpg "Reason for Reducing the Normal Time Period to Pay the Penalty should be Communicated to the Assessee: Bombay High Court [Read Judgment]")
![Assessee can’t be Penalized for the Limitations in Dept’s Online Portal : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Online-Portal-ITAT-Taxscan.jpg "Assessee can’t be Penalized for the Limitations in Dept’s Online Portal : ITAT [Read Order]")