![No Penalty u/s 271(1)( c ) If Assessee had acted in a Bonafide Manner: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "No Penalty u/s 271(1)( c ) If Assessee had acted in a Bonafide Manner: ITAT [Read Order]")
No Penalty u/s 271(1)( c ) If Assessee had acted in a Bonafide Manner: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) ruled that the department should not impose the Penalty under section 271(1)(c) of the...
![Penalty u/s 271(1)(c) can’t be Imposed when Income is determined on Estimate Basis: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Penalty u/s 271(1)(c) can’t be Imposed when Income is determined on Estimate Basis: ITAT [Read Order]")
![ITAT Grants Relief to Shah Rukh Khan: Deletes Penalty on his Bona Fide belief of Non-Taxability of Dubai Villa [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Shah-Rukh-Khan-Taxscan.jpg "ITAT Grants Relief to Shah Rukh Khan: Deletes Penalty on his Bona Fide belief of Non-Taxability of Dubai Villa [Read Order]")
![Offering Income under a Wrong Head would not attract Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/ITAT-Taxscan.jpg "Offering Income under a Wrong Head would not attract Penalty: ITAT [Read Order]")
![Quantification of Penalty depends on Addition made to Income of Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/Penalty-TaxScan.jpg "Quantification of Penalty depends on Addition made to Income of Assessee: ITAT [Read Order]")
Mere Voluntary Surrender of Income without Disclosing Its’ Source would not avoid Penalty: Delhi HC [Read Order]
A division bench of the Delhi High Court, last day held that mere voluntary surrender of income without disclosing its source cannot rescue assessee from facing penal consequences under the Income Tax...
![Mere Voluntary Surrender of Income without Disclosing Its’ Source would not avoid Penalty: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Voluntary-Surrender-Taxscan.jpg "Mere Voluntary Surrender of Income without Disclosing Its’ Source would not avoid Penalty: Delhi HC [Read Order]")
Stay can be allowed for Penalty u/s 271(1)(c) if the same is levied as a Result of Enhancement of Income in First Appeal: ITAT [Read Order]
The Income Tax Appellate Tribunal recently ruled that the stay can be allowed for penalty under Section 271(1)(c) of the Income Tax Act, 1961 if the same is levied as a result of enhancement of income...
![Stay can be allowed for Penalty u/s 271(1)(c) if the same is levied as a Result of Enhancement of Income in First Appeal: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/First-Appeal-ITAT-Taxscan.jpg "Stay can be allowed for Penalty u/s 271(1)(c) if the same is levied as a Result of Enhancement of Income in First Appeal: ITAT [Read Order]")
![No Penalty when Income of Assessee is determined on an Estimate Basis: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/No-Penalty-TaxScan.jpg "No Penalty when Income of Assessee is determined on an Estimate Basis: ITAT [Read Order]")
No Penalty If determination of Arm’s Length Price has not lead to any Transfer Pricing Adjustment, with no effect on income of the assessee: ITAT [Read Order]
Delhi bench of Income Tax Appellate Tribunal (ITAT) recently held that if determination of arm’s length price has not lead to any transfer pricing adjustment and with no effect on income of the...
![ITAT confirms Penalty since Assessee failed to Prove Genuineness of Cash Deposits [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/Cash-Transaction-Limit.jpg "ITAT confirms Penalty since Assessee failed to Prove Genuineness of Cash Deposits [Read Order]")