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![ITAT deletes Penalty u/s  271D of Income Tax Act on Availability of Reasonable Cause to Prove Bonafide Act of Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-Income-Tax-Income-Tax-Appellate-Tribunal-ITAT-Bangalore-Reasonable-Cause-Penalty-Deletion-taxscan.jpg "ITAT deletes Penalty u/s  271D of Income Tax Act on Availability of Reasonable Cause to Prove Bonafide Act of Assessee [Read Order]")
ITAT deletes Penalty u/s  271D of Income Tax Act on Availability of Reasonable Cause to Prove Bonafide Act of Assessee [Read Order]
The Bangalore of the Income Tax Appellate Tribunal ( ITAT ) deleted the penalty under section 271 D of the Income Tax Act, 1961 as it proved...
![Treatment of Personal Expenses as Income precludes loan classification, Income cannot be taxed twice in same Assessment Year: ITAT deletes Penalty u/s 271D [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Taxation-of-personal-expenses-Section-271D-of-Income-Tax-Act-taxscan.jpg "Treatment of Personal Expenses as Income precludes loan classification, Income cannot be taxed twice in same Assessment Year: ITAT deletes Penalty u/s 271D [Read Order]")
![Loans taken from Partnership Firms, in Violation of u/s 269SS of Income Tax Act: ITAT imposes Penalty u/s 275 (1) (c) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Ahmedabad-Income-Tax-Partnership-Firms-TAXSCAN.jpg "Loans taken from Partnership Firms, in Violation of u/s 269SS of Income Tax Act: ITAT imposes Penalty u/s 275 (1) (c) of Income Tax Act [Read Order]")
