![Penalty imposed u/s 271(1)(c) of IT Act without proving either Concealment of Income or Filing of Inaccurate Particulars of Income: ITAT quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Penalty-IT-Act-Concealment-of-Income-or-Filing-of-Inaccurate-Particulars-of-Income-Concealment-of-Income-Income-Filing-of-Inaccurate-Particulars-of-Income-Particulars-of-Income-ITAT-Taxscan.jpg "Penalty imposed u/s 271(1)(c) of IT Act without proving either Concealment of Income or Filing of Inaccurate Particulars of Income: ITAT quashes Order [Read Order]")
Penalty imposed u/s 271(1)(c) of IT Act without proving either Concealment of Income or Filing of Inaccurate Particulars of Income: ITAT quashes Order [Read Order]
The Dehradun bench of the Income Tax Appellate Tribunal ( ITAT) held that the penalty imposed under section 271(1)(c ) of the Income Tax Act,1961...
![Penalty u/s 271(1)(c) Cannot be Imposed when Income Determined on Estimate Basis: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Penalty-Income-Determined-Income-Determined-on-Estimate-Basis-Estimate-Basis-ITAT-Income-Tax-taxscan.jpg "Penalty u/s 271(1)(c) Cannot be Imposed when Income Determined on Estimate Basis: ITAT [Read Order]")
![Penalty Imposed u/s 271(1)(c) of IT Act for Commission Payment without Proper Hearing: ITAT directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Penalty-imposed-IT-Act-Penalty-commission-payment-without-proper-hearing-commission-payment-ITAT-directs-re-adjudication-taxscan.jpg "Penalty Imposed u/s 271(1)(c) of IT Act for Commission Payment without Proper Hearing: ITAT directs Re-adjudication [Read Order]")
![Penalty u/s 271(1)(c) not Leviable When no Inaccurate Particulars of Income are Furnished by the Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Penalty-Inaccurate-Particulars-of-Income-Inaccurate-Particulars-of-Income-are-Furnished-by-the-Assessee-Income-ITAT-taxscan.jpg "Penalty u/s 271(1)(c) not Leviable When no Inaccurate Particulars of Income are Furnished by the Assessee: ITAT [Read Order]")
![Section 50C of Income Tax Act Cannot be Applied on Compulsory Acquisition of a Capital Asset: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Income-Tax-Act-Compulsory-Acquisition-Capital-Asset-Calcutta-High-Court-Compulsory-Acquisition-of-a-Capital-Asset-taxscan.jpg "Section 50C of Income Tax Act Cannot be Applied on Compulsory Acquisition of a Capital Asset: Calcutta HC [Read Order]")
Additional Income Disclosed Originated Out of Seized Material: ITAT Upholds Penalty Levied u/s 271(1)(c) [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench, has recently, in an appeal filed before it, on finding the additional income disclosed and returned in ITR filed under Section 153A, to be...
![Additional Income Disclosed Originated Out of Seized Material: ITAT Upholds Penalty Levied u/s 271(1)(c) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Additional-Income-Additional-Income-Disclosed-Originated-Out-of-Seized-Material-Seized-Material-ITAT-Penalty-ITAT-Upholds-Penalty-Taxscan.jpg "Additional Income Disclosed Originated Out of Seized Material: ITAT Upholds Penalty Levied u/s 271(1)(c) [Read Order]")
No Penalty u/s 271(1)(c) can be Imposed, Without Assistance of Assessee in Prosecuting the Levy of Penalty Proceedings: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench, has recently, in an appeal filed before it, held that no penalty under Section 271(1)(c) can be imposed, without the assistance of the assessee...
![No Penalty u/s 271(1)(c) can be Imposed, Without Assistance of Assessee in Prosecuting the Levy of Penalty Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/No-Penalty-Imposed-Assistance-of-Assessee-Assessee-Penalty-Proceedings-Proceedings-ITAT-Income-Tax-Taxscan.jpg "No Penalty u/s 271(1)(c) can be Imposed, Without Assistance of Assessee in Prosecuting the Levy of Penalty Proceedings: ITAT [Read Order]")
Penalty imposed u/s 271(1)(c) shall not survive if the matter is restored to AO for passing Rectification Order: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently held that the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961 shall not survive if the matters are...
![Penalty imposed u/s 271(1)(c) shall not survive if the matter is restored to AO for passing Rectification Order: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Penalty-Penalty-imposed-AO-for-passing-Rectification-Order-passing-Rectification-Order-Rectification-Order-ITAT-Taxscan.jpg "Penalty imposed u/s 271(1)(c) shall not survive if the matter is restored to AO for passing Rectification Order: ITAT [Read Order]")
No Penalty u/s 271(1)(c) of Income Tax Act on Payment Received on Sale of Penny Stock Shares: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) of Jaipur bench has recently held that, no penalty shall be levied under Section 271(1)(c) of Income Tax Act 1961 on payment received on sale of...
![No Penalty u/s 271(1)(c) of Income Tax Act on Payment Received on Sale of Penny Stock Shares: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/No-Penalty-Income-Tax-Act-Income-Tax-Act-on-Payment-Received-Sale-of-Penny-Stock-Shares-ITAT-taxscan.jpg "No Penalty u/s 271(1)(c) of Income Tax Act on Payment Received on Sale of Penny Stock Shares: ITAT [Read Order]")
Basic Condition as Stipulated under Section 271(1)(c) not been Fulfilled: ITAT Deletes Penalty [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, on finding that the basic condition as stipulated under Section 271 (1) (c) is not fulfilled,...
![Basic Condition as Stipulated under Section 271(1)(c) not been Fulfilled: ITAT Deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Basic-Condition-as-Stipulated-under-Section-2711c-ITAT-Penalty-TAXSCAN.jpg "Basic Condition as Stipulated under Section 271(1)(c) not been Fulfilled: ITAT Deletes Penalty [Read Order]")
Entire Bogus Purchases cannot be Disallowed when Sales are Not Disputed: ITAT deletes Penalty based on Estimated Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, in an appeal filed before it, while deleting penalty based on estimated addition, held that entire bogus purchases cannot be...
![Entire Bogus Purchases cannot be Disallowed when Sales are Not Disputed: ITAT deletes Penalty based on Estimated Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Bogus-Purchases-ITAT-Penalty-taxscan.jpg "Entire Bogus Purchases cannot be Disallowed when Sales are Not Disputed: ITAT deletes Penalty based on Estimated Addition [Read Order]")
Omission of Income due to Human Error Committed by Accountant Not “Willful Attempt to Conceal Income”: ITAT deletes Penalty u/s 271(1)(c) [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has recently, while deleting the penalty u/s 271(1)(c) in an appeal filed before it, held that omission of income due to human error...
![Omission of Income due to Human Error Committed by Accountant Not “Willful Attempt to Conceal Income”: ITAT deletes Penalty u/s 271(1)(c) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Accountant-Omission-of-Income-Human-Error-Committed-by-Accountant-Conceal-Income-ITAT-Penalty-taxscan.jpg "Omission of Income due to Human Error Committed by Accountant Not “Willful Attempt to Conceal Income”: ITAT deletes Penalty u/s 271(1)(c) [Read Order]")