Read all Latest Updates on and about Section 270A of the Income Tax Act

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AO not competent to pass Draft Assessment Order u/s 144C(1) of Income Tax Act when TPO Makes no Variation: Bombay HC [Read Order]

Yogitha S Yogesh

The Bombay High Court has held that a draft assessment order is not permissible under section 144C(1) of the Income Tax Act when the TPO (transfer...

Mere Disallowance of Capitalized Interest Not Misreporting: ITAT deletes Income Tax Penalty u/s 270A...

Salaried Taxpayer Wins ₹1.46 Lakh Income Tax Penalty Case Despite Misreporting: Here’s How [Read...

Supreme Court & High Courts Weekly Round-up [ June 28th to July 5th, 2025]

Income Tax Penalty Notice Not Properly Served Initially, Reminded after 4 Months of its Issuance:...

Think Twice Before Faking Income Tax Deductions: Govt Tightens Penalties and Prosecution

The government has tightened the rules for claiming income tax deductions in Assessment Year (AY) 2025-26 after a large-scale tax fraud was uncovered. A recent investigation by the Income Tax...

ITAT Weekly Round-Up [April 1st-26th]

This weekly round-up analytically summarises the key stories related to the Income Tax Appellate Tribunal (ITAT) reported at Taxscan during this month from April 1st to April 6th 2025 CIT(A)...

ITAT Deletes Rs.22.93 Lakh Penalty on Builder, Cites Auditor’s Mistake & Lack of Intent to Evade Tax [Read Order]

The Income Tax Appellate Tribunal (ITAT), Pune Bench, has cancelled a penalty of Rs.22.93 lakh that was imposed on Silver Oak Buildcon Private Limited, a construction company based in Pune. The...

Vivad Se Vishwas Scheme 2024 opted by Assessee: ITAT dismisses Appeal as Withdrawn [Read Order]

The Allahabad Bench of the Income Tax Appellate Tribunal (ITAT), dismissed an appeal filed by a resident of Clive Road, Civil Lines, Allahabad, after she opted to settle her tax dispute under the...

ITAT rules No Penalty u/s 270A for Misreporting Income Due to Correct Filing and Tax Payment [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT) ruled that no penalty under Section 270A of Income Tax Act,1961, for misreporting income was applicable due to correct filing and tax...

AO Denies Immunity from Penalty for Late Filing of Form 28: ITAT Restores Matter as CIT(A) fails to decide on merits [Read Order]

The Cochin Bench of the Income Tax Appellate Tribunal (ITAT) restored the matter, stating that the Commissioner of Income Tax (Appeals) [CIT(A)] failed to decide the immunity application regarding...

ITAT Condones Delay, Remands matter to CIT(A) for Fresh Adjudication for Fair Hearing [Read Order]

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has condoned a delay in filing an appeal and remanded the matter back to the Commissioner of Income Tax (Appeals) [CIT(A)] for fresh...