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![Showing less LTCG by making false claim u/s 54EC without making investment: ITAT confirms penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Showing-Less-LTCG-by-making-False-Claim-without-making-investment-ITAT-deletes-Penalty-TAXSCAN.jpg "Showing less LTCG by making false claim u/s 54EC without making investment: ITAT confirms penalty [Read Order]")
Showing less LTCG by making false claim u/s 54EC without making investment: ITAT confirms penalty [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) confirmed penalty as there was showing less Long Term Capital Gain (LTCG) by making...
![Payment of TDS with Interest to ensure No Loss to Revenue: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Payment-TDS-Interest-Revenue-Penalty-ITAT-Payment-of-TDS-taxscan.jpg "Payment of TDS with Interest to ensure No Loss to Revenue: ITAT deletes Penalty [Read Order]")
![Penalty u/s 271(c) of Income Tax Act not imposable in the absence of deliberate Concealment and Inaccurate particulars: Madhya Pradesh HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Penalty-Income-Tax-Act-Madhya-Pradesh-HC-taxscan.jpg "Penalty u/s 271(c) of Income Tax Act not imposable in the absence of deliberate Concealment and Inaccurate particulars: Madhya Pradesh HC [Read Order]")
![Penalty u/s 271(1)(c) cannot be made for Income Tax Additions made on ad-hoc basis: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Penalty-Income-Tax-Additions-ITAT-taxscan.jpg "Penalty u/s 271(1)(c) cannot be made for Income Tax Additions made on ad-hoc basis: ITAT [Read Order]")
![Disallowance of Depreciation under MAT Provisions for Adjustments in Book of Profit does not Attract Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Disallowance-Depreciation-MAT-Provisions-Book-of-Profit-Penalty-ITAT-taxscan.jpg "Disallowance of Depreciation under MAT Provisions for Adjustments in Book of Profit does not Attract Penalty: ITAT [Read Order]")
Disclosure of Undisclosed by Other Persons during Search Not Binding on Assessee, Penalty u/s 271AAB Not Leviable: ITAT [Read Order]
In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Kolkata bench has held that the penalty under section 271AAB of the Income Tax Act, 1961 is not leviable on the basis of disclosure...
![Disclosure of Undisclosed by Other Persons during Search Not Binding on Assessee, Penalty u/s 271AAB Not Leviable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Assessee-Penalty-ITAT-TAXSCAN.jpg "Disclosure of Undisclosed by Other Persons during Search Not Binding on Assessee, Penalty u/s 271AAB Not Leviable: ITAT [Read Order]")
![No Payment made above Purchase Price of Asset: ITAT deletes Penalty u/s 271(1)(c) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/payment-purchase-price-of-asset-ITAT-Penalty-taxscan.jpg "No Payment made above Purchase Price of Asset: ITAT deletes Penalty u/s 271(1)(c) [Read Order]")
![Penalty u/s 271(1)(c) not leviable on Bonafide Mistake: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Penalty-ITAT-taxscan.jpg "Penalty u/s 271(1)(c) not leviable on Bonafide Mistake: ITAT [Read Order]")
Once Income Declared and Income Tax Return Filed, Penalty u/s 271 (1) (C) not to be Later Levied: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Pune Bench, has recently, in an appeal preferred before it by the revenue, held that once the income is declared and the return is filed, later, the...
![Once Income Declared and Income Tax Return Filed, Penalty u/s 271 (1) (C) not to be Later Levied: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Income-Return-Penalty-ITAT.jpg "Once Income Declared and Income Tax Return Filed, Penalty u/s 271 (1) (C) not to be Later Levied: ITAT [Read Order]")
Disallowance of Expenditure on Estimated or Notional basis does not attract Penalty provision u/s 271: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that disallowance of expenditure on an estimated or notional basis does not attract penalty provision under section 271. During the...
![Disallowance of Expenditure on Estimated or Notional basis does not attract Penalty provision u/s 271: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Disallowance-Expenditure-Notional-basis-Penalty-provision-taxscan.jpg "Disallowance of Expenditure on Estimated or Notional basis does not attract Penalty provision u/s 271: ITAT [Read Order]")
![ITAT sets aside Penalty Order on existence of Ambiguity for AO on Charge u/s 271(1)(c) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/ITAT-penalty-existence-ambiguity-TAXSCAN.jpg "ITAT sets aside Penalty Order on existence of Ambiguity for AO on Charge u/s 271(1)(c) [Read Order]")
![Penalty can be levied only on Charges for which Penalty proceedings were initiated: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Penalty-proceedings-ITAT-taxscan.jpeg "Penalty can be levied only on Charges for which Penalty proceedings were initiated: ITAT [Read Order]")