![Mere Disallowance of Claim u/s 80-IA of the Income Tax Act would not attract Penalty: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Mere Disallowance of Claim u/s 80-IA of the Income Tax Act would not attract Penalty: ITAT Hyderabad [Read Order]")
Mere Disallowance of Claim u/s 80-IA of the Income Tax Act would not attract Penalty: ITAT Hyderabad [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal, Hyderabad bench has ruled that mere disallowance of a claim under section 80-IA of the Income...
![Penalty cannot be Imposed if there is a difference of Opinion over the Head of Income: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/No-Penalty-TaxScan.jpg "Penalty cannot be Imposed if there is a difference of Opinion over the Head of Income: ITAT Mumbai [Read Order]")
![No Penalty if the Assessee Admits his Undisclosed Income during the Course of Search Proceedings: ITAT Ahmedabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/Penalty-TaxScan.jpg "No Penalty if the Assessee Admits his Undisclosed Income during the Course of Search Proceedings: ITAT Ahmedabad [Read Order]")
![Dispute with the Statutory Auditor is a Reasonable Cause for Delay, Penalty cannot be levied: ITAT Jaipur [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/Statutory-Auditor-Taxscan.jpg "Dispute with the Statutory Auditor is a Reasonable Cause for Delay, Penalty cannot be levied: ITAT Jaipur [Read Order]")
No Penalty if the Assessee admits Undisclosed Income during the course of proceedings: ITAT Mumbai [Read Order]
In a significant ruling,  Mumbai bench of the Income Tax Appellate Tribunal, in a recent ruling, held that the benefit if section 271(1)(c) shall be given if the assessee is ready to admit his/her...
Penalty cannot be levied on Non-disallowance of Expenditure by the assesee on bonafide belief: ITAT Mumbai [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal, Mumbai, if the assessee does not make disallowance u/s 43-Bin bonafide belief, then the Revenue cannot impose penalty under section 271(1)(c) of...
![Penalty cannot be levied on Non-disallowance of Expenditure by the assesee on bonafide belief: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Penalty-Tax-Scan.jpg "Penalty cannot be levied on Non-disallowance of Expenditure by the assesee on bonafide belief: ITAT Mumbai [Read Order]")
Mere Rejection of a Claim by the Assessing Officer would not attract Penalty under the Income Tax Act: ITAT Delhi [Read Order]
In a recent ruling, the Delhi bench of the Income Tax Appellate Tribunal held that penalty proceedings under section 271(1)(c) of the Incme Tax Act, 1961 cannot be initiated against the assessee on...
![Mere Rejection of a Claim by the Assessing Officer would not attract Penalty under the Income Tax Act: ITAT Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/Assessing-officer-Tax-Scan.jpg "Mere Rejection of a Claim by the Assessing Officer would not attract Penalty under the Income Tax Act: ITAT Delhi [Read Order]")
Failure of the Assessee to Prove the Legality of his Undisclosed Income will not attract Penalty u/s 271(1)(c); ITAT Hyderabad [Read Order]
The Hyderabad bench of Income Tax Appellate Tribunal recently held that the failure on the part of the assessee to substantiate the legality of his undisclosed income will only attract assessment...