![Failure to Record Opinion on Penalty Levy Not Erroneous or Prejudicial to Revenues Interest: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Failure-to-Record-Opinion-Penalty-Penalty-Levy-Not-Erroneous-or-Prejudicial-Prejudicial-to-Revenues-Interest-Revenues-Interest-ITAT-Site-image.jpg "Failure to Record Opinion on Penalty Levy Not Erroneous or Prejudicial to Revenues Interest: ITAT [Read Order]")
Failure to Record Opinion on Penalty Levy Not Erroneous or Prejudicial to Revenue's Interest: ITAT [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal(ITAT)ruled that the failure to record an opinion on penalty levy under Section 270A of Income Tax...
![Penalty u/s 270A for Under-Reported Income: ITAT Restores Matter to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-Section-270A-of-Income-Tax-Act-TAXSCAN.jpg "Penalty u/s 270A for Under-Reported Income: ITAT Restores Matter to CIT(A) [Read Order]")
![Penalty for Underreporting Income u/s 270A: ITAT deletes Rs. 5.28 Lakh Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Penalty-Underreporting-Income-Income-Tax-Appellate-Tribunal-Income-Tax-taxscan.jpg "Penalty for Underreporting Income u/s 270A: ITAT deletes Rs. 5.28 Lakh Penalty [Read Order]")
![Non-Filing of ITR due to Bonafide Misunderstanding: ITAT quashes Penalty u/s 270 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-Bangalore-ITAT-ITAT-Quashes-Income-Tax-Act-Income-Tax-Appellate-Tribunal-ITR-section-270-of-the-Income-Tax-Act-Non-Filing-of-ITR-Income-Tax-Return-Bonafide-TAXSCAN.jpg "Non-Filing of ITR due to Bonafide Misunderstanding: ITAT quashes Penalty u/s 270 of Income Tax Act [Read Order]")
![ITAT directs Fresh Adjudication on Disallowance made u/s 14 A of Income Tax Act due to Error in CIT(A)s Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Ahmedabad-ITAT-Income-Tax-Act-Income-Tax-Appellate-Tribunal-under-section-14A-of-the-Income-Tax-Act-ITAT-Directs-Assessment-Year-ITAT-NEWS-Income-Tax-TAXSCAN.jpg "ITAT directs Fresh Adjudication on Disallowance made u/s 14 A of Income Tax Act due to Error in CIT(A)s Order [Read Order]")
Failure to note Allegation of Under-Reporting or Misreporting: Delhi HC quashes SCN for which Action u/s 270A was Initiated [Read Order]
The Delhi High Court quashed the show cause notice (SCN) initiating action under Section 270A of the Income Tax Act, 1961 on the failure to note allegation of under-reporting or misreporting. The...
Final Assessment should be passed by AO in accordance with Directions issued by DRP on filing of Objections against Draft Assessment Order within Time Limit: Delhi HC [Read Order]
The Delhi High Court recently ruled that the final assessment should be passed by the Assessing Officer (AO) in accordance with directions issued by DRP on filing of objections against draft...
![Final Assessment should be passed by AO in accordance with Directions issued by DRP on filing of Objections against Draft Assessment Order within Time Limit: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Final-Assessment-DRP-Draft-Assessment-Order-Delhi-High-Court-AO-taxscan.jpg "Final Assessment should be passed by AO in accordance with Directions issued by DRP on filing of Objections against Draft Assessment Order within Time Limit: Delhi HC [Read Order]")
No Date for Hearing fixed after Service of SCN: Kerala HC quashes Penalty Proceedings under Income Tax Act [Read Order]
The Kerala High Court quashed the penalty proceedings under the Income Tax Act, 1961 as no date for hearing was fixed after service of the show cause notice (SCN). The writ petition has been filed...
![No Date for Hearing fixed after Service of SCN: Kerala HC quashes Penalty Proceedings under Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/No-Date-Hearing-fixed-Service-of-SCN-Kerala-HC-Penalty-Proceedings-Income-Tax-Act-TAXSCAN.jpg "No Date for Hearing fixed after Service of SCN: Kerala HC quashes Penalty Proceedings under Income Tax Act [Read Order]")
Penalty u/s 270A of Income Tax Act cannot be Levied for Bonafide Mistake of Mere change in Head of Income while Computing Total Income [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the penalty under Section 270A of the Income Tax Act 1961 could not be levied for a bonafide mistake of mere change in the head...
![Penalty u/s 270A of Income Tax Act cannot be Levied for Bonafide Mistake of Mere change in Head of Income while Computing Total Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Penalty-Income-Tax-Act-Bonafide-Mistake-Mistake-Income-Tax-Act-cannot-be-Levied-for-Bonafide-Mistake-taxscan.jpg "Penalty u/s 270A of Income Tax Act cannot be Levied for Bonafide Mistake of Mere change in Head of Income while Computing Total Income [Read Order]")
No information in respect of Interest on Income Tax Refund to tax available at time of filing Return of Income: ITAT deletes Penalty [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench while deleting the penalty imposed under Section 270A Income Tax Act, 1961 observed that no information received was by assessee in respect...
![No information in respect of Interest on Income Tax Refund to tax available at time of filing Return of Income: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/No-information-respect-Interest-Income-Tax-Refund-tax-available-time-of-filing-Return-of-Income-ITAT-deletes-Penalty-taxscan.jpg "No information in respect of Interest on Income Tax Refund to tax available at time of filing Return of Income: ITAT deletes Penalty [Read Order]")
Relief to Jaypee Cement: ITAT deletes Penalty of Rs.132 Cr. imposed for Misreported Income due to mistake of Tax Auditor [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench deleted the penalty of Rupees 132 crore imposed on Jaypee Cement for misreporting of income by the tax auditor in the tax return. Assessee...
![Relief to Jaypee Cement: ITAT deletes Penalty of Rs.132 Cr. imposed for Misreported Income due to mistake of Tax Auditor [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Relief-to-Jaypee-Cement-ITAT-deletes-Penalty-imposed-for-Misreported-Income-due-to-mistake-of-Tax-Auditor-TAXSCAN.jpg "Relief to Jaypee Cement: ITAT deletes Penalty of Rs.132 Cr. imposed for Misreported Income due to mistake of Tax Auditor [Read Order]")