![ITAT deletes Penalty Imposed for accepting Cash Payment for Sale of Land: No Sufficient Reasons to show Tax Evasion Attempt [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-Penalty-Cash-Payment-Sale-of-Land-Tax-Evasion-taxscan.jpg "ITAT deletes Penalty Imposed for accepting Cash Payment for Sale of Land: No Sufficient Reasons to show Tax Evasion Attempt [Read Order]")
ITAT deletes Penalty Imposed for accepting Cash Payment for Sale of Land: No Sufficient Reasons to show Tax Evasion Attempt [Read Order]
The Banglore Bench of the Income Tax Appellate Tribunal (ITAT), recently deleted the penalty imposed under Section 271D of the Income Tax Act, 1961...
![“Reasonable Cause” u/s 269SS of Income Tax Act shall be related to Meet Exigency of Business: ITAT deletes Penalty u/s 271D [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Reasonable-Cause-Income-Tax-Act-Income-Tax-Tax-Business-ITAT-Penalty-Taxscan.jpg "“Reasonable Cause” u/s 269SS of Income Tax Act shall be related to Meet Exigency of Business: ITAT deletes Penalty u/s 271D [Read Order]")
![Cash Loan from Parents and Brother for purchasing House for whole Family do not attract Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/05/Cash-Loan-ITAT-Taxscan.jpg "Cash Loan from Parents and Brother for purchasing House for whole Family do not attract Penalty: ITAT [Read Order]")
![Advance Received from Promoters in Cash through Current Accounts not violation of S. 269SS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Cash-Deposits-Taxscan.jpg "Advance Received from Promoters in Cash through Current Accounts not violation of S. 269SS: ITAT [Read Order]")
Cash Loan from Wife for purchase of House for the benefit of Family won’t attract Penalty u/s 271D: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) recently held that cash loan from the wife for the purchase of the house which is for the benefit of the whole family cannot be a ground for...
![Cash Loan from Wife for purchase of House for the benefit of Family won’t attract Penalty u/s 271D: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Cash-Loan-Payments.jpg "Cash Loan from Wife for purchase of House for the benefit of Family won’t attract Penalty u/s 271D: ITAT [Read Order]")
Kerala High Court confirms Penalty as Assessee Failed to Prove Reason for Accepting Deposits from Staff Members in Cash [Read Judgment]
The Kerala High Court in the case, Commissioner of Income Tax versus M/S Al- Ameen Educational Trust has ruled in favour of Revenue and confirmed the penalty since Assessee failed to prove the reason...
![Kerala High Court confirms Penalty as Assessee Failed to Prove Reason for Accepting Deposits from Staff Members in Cash [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Kerala-High-Court-Tax-Scan.jpg "Kerala High Court confirms Penalty as Assessee Failed to Prove Reason for Accepting Deposits from Staff Members in Cash [Read Judgment]")
ITAT Confirms Penalty since Assessee failed to Prove that the Loan was accepted in Cash due to Business Exigencies
While hearing the case between Shri Prodyut Dhar and J.C.I.T, Kolkata bench of Income Tax Appellate Tribunal (ITAT) confirmed the penalty since the assessee failed to prove that the loan amount which...
S. 269SS of Income Tax Act would not be attracted in Cash Transactions between Husband & Wife: ITAT Kolkata [Read Order]
A division bench of the Kolkata Income Tax Appellate Tribunal (ITAT), last week held that cash transactions between husband and wife would not attract section 269SS of the Income Tax Act, 1961. As per...
![S. 269SS of Income Tax Act would not be attracted in Cash Transactions between Husband & Wife: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Cash-Transaction-Taxscan.jpg "S. 269SS of Income Tax Act would not be attracted in Cash Transactions between Husband & Wife: ITAT Kolkata [Read Order]")
![ITAT Weekly Round-Up [May 27th - 31st]](https://www.taxscan.in/wp-content/uploads/2025/06/ITAT-Income-tax-news-Income-tax-updates-ITAT-judgments-TAXSCAN.jpg "ITAT Weekly Round-Up [May 27th - 31st]")