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![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]")
ITAT deletes Penalty since Assessee Voluntarily surrendered Income [Read Order]
der]The Kolkata bench of ITAT has recently held that penalty under section 271(1)(c) of the Income Tax Act, 1961 cannot be levied in the case where...
![No Penalty if the Assessee admits Undisclosed Income during the course of proceedings: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "No Penalty if the Assessee admits Undisclosed Income during the course of proceedings: ITAT Mumbai [Read Order]")
![Penalty cannot be levied on Non-disallowance of Expenditure by the assesee on bonafide belief: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Penalty-Tax-Scan.jpg "Penalty cannot be levied on Non-disallowance of Expenditure by the assesee on bonafide belief: ITAT Mumbai [Read Order]")
