![Penalty u/s 271(1)(c) of Income Tax Invalid Without Clear Specification of Grounds in Notice: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Income-Tax-Penalty.jpg "Penalty u/s 271(1)(c) of Income Tax Invalid Without Clear Specification of Grounds in Notice: Delhi HC [Read Order]")
Penalty u/s 271(1)(c) of Income Tax Invalid Without Clear Specification of Grounds in Notice: Delhi HC [Read Order]
The Delhi High Court has reaffirmed that penalty proceedings under Section 271(1)(c) of the Income Tax Act, 1961, cannot be sustained if the notice...
![‘Clear-Cut Case of Concealment’: ITAT Upholds Penalty Under Section 271(1)(c) for Rs 2.65 Crore Bogus Share Capital [Reaed Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Clear-Cut-Case-Concealment-ITAT-Penalty-Under-Bogus-Share-Capital-TAXSCAN.jpg "‘Clear-Cut Case of Concealment’: ITAT Upholds Penalty Under Section 271(1)(c) for Rs 2.65 Crore Bogus Share Capital [Reaed Order]")
![Taxpayer Underreports Income by Claiming Inadmissible Expenses: ITAT Confirms Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Penalty-Taxpayer-ITAT-Confirms-Penalty-Taxscan.jpg "Taxpayer Underreports Income by Claiming Inadmissible Expenses: ITAT Confirms Penalty [Read Order]")
![ITAT sets aside Penalty u/s 271 (1)(c) as Demonstrates Sufficient Cause for 326 Day Delay in Quantum Appeal and 1 Delay in Penalty Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-Penalty-Demonstrates-Sufficient-Cause-Quantum-Appeal-Penalty-Appeal-taxscan.jpg "ITAT sets aside Penalty u/s 271 (1)(c) as Demonstrates Sufficient Cause for 326 Day Delay in Quantum Appeal and 1 Delay in Penalty Appeal [Read Order]")
Taxpayer is Co-Owner of Bank Account, No Concealment of Income: ITAT deletes penalty u/s 271(1) (c) of Income Tax Act [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the penalty under Section 271(1)(c) of the Income Tax Act, 1961 observing that there is no concealment of income ...
![Taxpayer is Co-Owner of Bank Account, No Concealment of Income: ITAT deletes penalty u/s 271(1) (c) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Income-tax-appellate-tribunal-income-tax-act-income-tax-Tax-news-TAXSCAN.jpg "Taxpayer is Co-Owner of Bank Account, No Concealment of Income: ITAT deletes penalty u/s 271(1) (c) of Income Tax Act [Read Order]")
Failure to find any particulars furnished in ITR to be Inaccurate: ITAT deletes Penalty u/s 271 (1) of Income Tax Act [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) has decided to delete the penalty under Section 271(1) of the Income Tax Act, as it found no inaccuracies in the particulars...
![Failure to find any particulars furnished in ITR to be Inaccurate: ITAT deletes Penalty u/s 271 (1) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Failure-particulars-furnished-ITR-Inaccurate-ITAT-Penalty-Income-Tax-Act-taxscan.jpg "Failure to find any particulars furnished in ITR to be Inaccurate: ITAT deletes Penalty u/s 271 (1) of Income Tax Act [Read Order]")
![Non-Awareness of Tax Payment: ITAT deletes Penalty u/s 271(1)(c) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Non-Awareness-of-Tax-Payment-ITAT-deletes-Penalty-Income-Tax-Act-TAXSCAN.jpg "Non-Awareness of Tax Payment: ITAT deletes Penalty u/s 271(1)(c) of Income Tax Act [Read Order]")
Bonafide Mistake in Computing Income Tax is not Furnishing Inaccurate Particulars or Concealment of Income : ITAT Deletes Penalty u/s 271(1)(c) of Income Tax Act [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) held that the standard belief or mistake in computing income tax cannot be termed as furnishing of inaccurate particulars or concealment of...
![Bonafide Mistake in Computing Income Tax is not Furnishing Inaccurate Particulars or Concealment of Income : ITAT Deletes Penalty u/s 271(1)(c) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Bonafide-Mistake-Computing-Income-Tax-Furnishing-Inaccurate-Particulars-Concealment-of-Income-ITAT-Deletes-Penalty-Income-Tax-Act-taxscan.jpg "Bonafide Mistake in Computing Income Tax is not Furnishing Inaccurate Particulars or Concealment of Income : ITAT Deletes Penalty u/s 271(1)(c) of Income Tax Act [Read Order]")
ITAT Upholds the Penalty Order u/s 271of Income Tax Act due to Concealment of Particular of Income by Assessee [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that at the time of assessment Assessing Officer (AO) observed concealment of income for which proceedings under Section 271(1)(c) of the...
![ITAT Upholds the Penalty Order u/s 271of Income Tax Act due to Concealment of Particular of Income by Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-Penalty-Income-Tax-Act-Income-Tax-Concealment-Concealment-of-Particular-of-Income-by-Assessee-ITAT-Upholds-the-Penalty-taxscan.jpg "ITAT Upholds the Penalty Order u/s 271of Income Tax Act due to Concealment of Particular of Income by Assessee [Read Order]")
No Concealment of Income or Furnishing of Inaccurate Particulars: ITAT upholds Deletion of Penalty u/s 271(1)(c) [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that no penalty could be imposed under section 271(1)(c) as no concealment of income or furnishing of inaccurate particulars was done...
![No Concealment of Income or Furnishing of Inaccurate Particulars: ITAT upholds Deletion of Penalty u/s 271(1)(c) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/No-Concealment-of-Income-or-Furnishing-of-Inaccurate-Particulars-Income-Inaccurate-Particulars-ITAT-Penalty-taxscan.jpg "No Concealment of Income or Furnishing of Inaccurate Particulars: ITAT upholds Deletion of Penalty u/s 271(1)(c) [Read Order]")
Relief To Kotak Mahindra Bank: Supreme Court Upholds Order of Settlement Commission Granting Immunity From Penalty Under Income Tax [Read Order]
The Supreme Court of India upheld the order of the settlement commission granting immunity to Kotak Mahindra from penalty under the Income Tax Act, 1961. The appellant-assessee, Kotak Mahindra...
![Relief To Kotak Mahindra Bank: Supreme Court Upholds Order of Settlement Commission Granting Immunity From Penalty Under Income Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Relief-Kotak-Mahindra-Bank-Supreme-Court-Settlement-Commission-Granting-Immunity-Penalty-Income-Tax-TAXSCAN.jpg "Relief To Kotak Mahindra Bank: Supreme Court Upholds Order of Settlement Commission Granting Immunity From Penalty Under Income Tax [Read Order]")