![No Penalty u/s 271(1)(c) for Voluntarily Disclosed Bona Fide Mistake by Taxpayer: Chhattisgarh HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Chhattisgarh-HC-Penalty-TAXSCAN.jpg "No Penalty u/s 271(1)(c) for Voluntarily Disclosed Bona Fide Mistake by Taxpayer: Chhattisgarh HC [Read Order]")
No Penalty u/s 271(1)(c) for Voluntarily Disclosed Bona Fide Mistake by Taxpayer: Chhattisgarh HC [Read Order]
In a recent ruling, the Chhattisgarh High Court ruled that no penalty under Section 271(1)(c) of the Income Tax Act, 1961, can be imposed where the...
![AO issued Penalty Notice without Specifying Offense of Concealment or Inaccurate Particulars as Mandated u/s 271(1)(c): ITAT quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Offense-of-Concealment-AO-Issued-ITAT-Quashes-Order-ITAT-Kolkata-Inaccurate-Particulars-Quashes-Order-Penalty-Notice-Issued-Penalty-taxscan.jpg "AO issued Penalty Notice without Specifying Offense of Concealment or Inaccurate Particulars as Mandated u/s 271(1)(c): ITAT quashes Order [Read Order]")
![Additional Income of Assessee cannot be treated as Concealed Income under Income Tax Act: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Kerala-high-court-Kerala-hc-kerala-hc-news-income-tax-income-tax-act-income-under-TAXSCAN.jpg "Additional Income of Assessee cannot be treated as Concealed Income under Income Tax Act: Kerala HC [Read Order]")
![Absence of Continuity in action of AO and CIT(A): ITAT deletes Penalty imposed without sure about nature of Default [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Absence-Continuity-action-AO-CITA-ITAT-Penalty-TAXSCAN.jpg "Absence of Continuity in action of AO and CIT(A): ITAT deletes Penalty imposed without sure about nature of Default [Read Order]")
![No Penalty can be Imposed u/s 271(1) when Income Surrendered by Assessee During Survey is Shown in a Regular Income Tax Return Filed within the Prescribed Time: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/No-Penalty-can-be-Imposed-Penalty-Income-Surrendered-by-Assessee-During-Survey-Income-Assessee-Survey-Regular-Income-Tax-Return-Income-Tax-Return-ITAT-Taxscan.jpg "No Penalty can be Imposed u/s 271(1) when Income Surrendered by Assessee During Survey is Shown in a Regular Income Tax Return Filed within the Prescribed Time: ITAT [Read Order]")
![Initiating Penalty u/s 271(1)(c) of Income Tax Act without Valid Notice is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Penalty-Income-Tax-Act-Notice-ITAT-Taxscan.jpg "Initiating Penalty u/s 271(1)(c) of Income Tax Act without Valid Notice is Invalid: ITAT [Read Order]")
![Income Tax: Wrong Claim of Depreciation Does not Attract Penalty, Rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Income-Tax-Wrong-Claim-Claim-of-Depreciation-Wrong-Claim-of-Depreciation-Penalty-Rules-ITAT-Taxscan.jpg "Income Tax: Wrong Claim of Depreciation Does not Attract Penalty, Rules ITAT [Read Order]")
Relief to Nagarjuna Oil Corporation, Section 271(1)(c) Penalty cannot be imposed on debatable issue: ITAT [Read Order]
As a relief to Nagarjuna Oil corporation, the Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that Section 271(1)(c) of the Income Tax Act,1961 penalty cannot be imposed on a...
![Relief to Nagarjuna Oil Corporation, Section 271(1)(c) Penalty cannot be imposed on debatable issue: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Nagarjuna-Oil-Corporation-Nagarjuna-Oil-Penalty-debatable-issue-ITAT-taxscan-.jpg "Relief to Nagarjuna Oil Corporation, Section 271(1)(c) Penalty cannot be imposed on debatable issue: ITAT [Read Order]")
Making Incorrect Deduction not amount to Furnishing Inaccurate Particulars u/s 271 (1)(c): ITAT deletes Penalty [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Delhi Bench deleted the penalty as incorrect deduction does not amount to furnishing inaccurate particulars under Section 271(1)(c) of the Income Tax Act,...
![Making Incorrect Deduction not amount to Furnishing Inaccurate Particulars u/s 271 (1)(c): ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/ITAT-deletes-Penalty-ITAT-Penalty-Deduction-Taxscan.jpg "Making Incorrect Deduction not amount to Furnishing Inaccurate Particulars u/s 271 (1)(c): ITAT deletes Penalty [Read Order]")
Claim of Interest paid to the Firm on overdrawn Capital is allowable as a Business Expense: ITAT [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) has held that the claim of interest paid to the firm on overdrawn capital is an allowable business expense. Bhawneshwar Kumar, the...
![Claim of Interest paid to the Firm on overdrawn Capital is allowable as a Business Expense: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Claim-interest-paid-capital-business-expense-ITAT-taxscan.jpg "Claim of Interest paid to the Firm on overdrawn Capital is allowable as a Business Expense: ITAT [Read Order]")
Penalty Notice without specifying the Charge proves Non-application of Mind, Invalid: ITAT [Read Order]
The New Delhi bench of the ITAT has held that a penalty notice, issued in a stereotyped manner without specifying the specific limb as mentioned in section 271(1)(c) of the Income Tax Act, 1961 shall...
![Penalty Notice without specifying the Charge proves Non-application of Mind, Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Penalty-Notice-Non-application-ITAT-Taxscan.jpg "Penalty Notice without specifying the Charge proves Non-application of Mind, Invalid: ITAT [Read Order]")
![ITAT deletes Penalty since Assessee Voluntarily surrendered Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/ITAT-Penalty-Assessee-Voluntarily-surrendered-Income-Taxscan.jpg "ITAT deletes Penalty since Assessee Voluntarily surrendered Income [Read Order]")