![No Penalty If Assessee Admitted Income during Search and Paid Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "No Penalty If Assessee Admitted Income during Search and Paid Tax: ITAT [Read Order]")
No Penalty If Assessee Admitted Income during Search and Paid Tax: ITAT [Read Order]
The Income Tax Appellate Tribunal Bangalore bench held that penalty under section 271AAA of the Income Tax Act should not be levied if the assessee...
![Mere Change of Heads of Income would not Attract Penalty u/s 271(1)(a): ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Mere Change of Heads of Income would not Attract Penalty u/s 271(1)(a): ITAT Mumbai [Read Order]")
![Disallowance of Additional Depreciation Claim would not Attract Penalty Provisions, says ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Depreciation-Taxscan.jpg "Disallowance of Additional Depreciation Claim would not Attract Penalty Provisions, says ITAT [Read Order]")
![Penalty paid on Sales Tax demand is not Compensatory in Nature: ITAT disallows Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Expenditures-TAXSCAN.jpg "Penalty paid on Sales Tax demand is not Compensatory in Nature: ITAT disallows Expenditure [Read Order]")
Penalty u/s 271(1)(c) is not Leviable when a Bonafide Claim of the Assessee gets Rejected: ITAT [Read Order]
The Mumbai bench of the ITAT, in M/s. Buildbyte.com v. ACIT, held that penalty under section 271(1)(c) of the Income Tax Act cannot be levied in a case where the assessee made a bonafide claim and the...
No Penalty when Assessee made a Claim under Bona fide belief based on Judicial Precedence: ITAT [Read Order]
A division bench of the delhi Tribunal in DCIT v. American Express India Pvt. Ltd, held that penalty under Section 271(1)(c) of the Income Tax Act, 1961 is not leviable when Assessee made a claim...
No Penalty when Assessee not disclosed Income in Good Faith and Voluntarily Offers the same to Tax during proceedings: Bombay HC [Read Judgment]
Justices S C Dharmadhikari and Prakash D Naik of Bombay High Court, in CIT v. Smt. Madhuri Satish Misal, held that penalty under the provisions of the Income Tax Act is not justifiable when Assessee...
![No Penalty when Assessee not disclosed Income in Good Faith and Voluntarily Offers the same to Tax during proceedings: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-2-Tax-Scan.jpg "No Penalty when Assessee not disclosed Income in Good Faith and Voluntarily Offers the same to Tax during proceedings: Bombay HC [Read Judgment]")
ITAT Confirms Penalty for Non-payment of Self-Assessment Tax though same was paid subsequently by Filing Revised Return [Read Order]
The Ahmedabad bench of the ITAT, in a significant ruling, held that penalty under section 221(1) of the Income Tax Act is leviable when the assessee has not paid the admitted tax liability under...
![ITAT Confirms Penalty for Non-payment of Self-Assessment Tax though same was paid subsequently by Filing Revised Return [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/Penalty-TaxScan.jpg "ITAT Confirms Penalty for Non-payment of Self-Assessment Tax though same was paid subsequently by Filing Revised Return [Read Order]")
Penalty cannot be levied when Legal Heir of Assessee Revises Return and Voluntarily Offers Income to Tax: ITAT Mumbai
In Late Smt. Leelabai Phadke v. ACIT, a division bench of the Mumbai ITAT quashed the penalty proceedings against the legal heir of the assessee he revised the return and voluntarily offered the...
Penalty under Rule 209A of Central Excise Rules can be imposed only when person has physically dealt with Excisable Goods: Bombay HC
A division bench of the Bombay High Court in Commissioner of Central Excise v. M/s. Bansal Steel Corporation & Ors held that penalty under Rule 209A of the Central Excise Rules, 1944 can be...