![Is Income Tax Penalty Notice without Specifying Limb u/s 271(1)(c) Valid? Supreme Court to Examine Revenue Petition [Read Order]](https://images.taxscan.in/h-upload/2025/11/21/500x300_2107199-income-tax-penalty-notice-supreme-court-taxscan.webp "Is Income Tax Penalty Notice without Specifying Limb u/s 271(1)(c) Valid? Supreme Court to Examine Revenue Petition [Read Order]")
Is Income Tax Penalty Notice without Specifying Limb u/s 271(1)(c) Valid? Supreme Court to Examine Revenue Petition [Read Order]
The Supreme Court has admitted a petition filed by the Income Tax Department challenging a ruling by the Karnataka High Court which quashed a...
![Absence of mentioning Specific Charge u/s 274 by AO Renders Penalty Levied Unsustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Penalty-Penalty-Levied-Unsustainable-taxscan.jpg "Absence of mentioning Specific Charge u/s 274 by AO Renders Penalty Levied Unsustainable: ITAT [Read Order]")
![Notice u/s 274 of Income Tax Act should be issued before period of limitation: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Notice-Income-Tax-Act-before-period-limitation-Delhi-HC-TAXSCAN.jpg "Notice u/s 274 of Income Tax Act should be issued before period of limitation: Delhi HC [Read Order]")
![Penalty u/s 271(1)(c) of the Income Tax Act is impossible Only When Furnishing of Inaccurate Particulars was Proven: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Penalty-Income-Tax-Act-impossible-Furnishing-Inaccurate-Particulars-Delhi-HC-TAXSCAN.jpg "Penalty u/s 271(1)(c) of the Income Tax Act is impossible Only When Furnishing of Inaccurate Particulars was Proven: Delhi HC [Read Order]")
![Failure to clarify as to which limb of Section 271(1)(c) of Income Tax Act attracted in imposition of Penalty: Delhi HC upholds deletion of Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Failure-Income-Tax-Act-Delhi-HC-Delhi-HC-upholds-deletion-of-penalty-taxscan.jpg "Failure to clarify as to which limb of Section 271(1)(c) of Income Tax Act attracted in imposition of Penalty: Delhi HC upholds deletion of Penalty [Read Order]")
Notice u/s 274 of Income Tax Act not to be issued before Period of Limitation: Delhi HC dismisses Income Tax Appeal [Read Order]
The Delhi High Court dismissed an income tax appeal and observed that the Notice under Section 274 of the Income Tax Act, 1961 not to be issued before the period of limitation. The respondent in...
![Notice u/s 274 of Income Tax Act not to be issued before Period of Limitation: Delhi HC dismisses Income Tax Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Income-Tax-Act-Delhi-High-Court-income-tax-appeal-taxscan.jpg "Notice u/s 274 of Income Tax Act not to be issued before Period of Limitation: Delhi HC dismisses Income Tax Appeal [Read Order]")
ITAT deletes Penalty u/s 271B for the assessee being able to establish reasonable cause behind their failure deserves to be considered u/s 274 [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the assessee clearly deserves to be considered under Section 274 where in it is provided that if assessee is able to establish...
![ITAT deletes Penalty u/s 271B for the assessee being able to establish reasonable cause behind their failure deserves to be considered u/s 274 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-deletes-Penalty-assessee-being-able-establish-reasonable-cause-behind-failure-deserves-taxscan.jpg "ITAT deletes Penalty u/s 271B for the assessee being able to establish reasonable cause behind their failure deserves to be considered u/s 274 [Read Order]")
![Levy of Penalty u/s 271AAB of Income Tax Act is not Mandatory or Automatic: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Levy-Penalty-Income-Tax-Act-Mandatory-Automatic-ITAT-taxscan.jpg "Levy of Penalty u/s 271AAB of Income Tax Act is not Mandatory or Automatic: ITAT [Read Order]")
Inadvertent Error in statement during Hearing cannot be Reason for Levy of penalty u/s 272(1)(c) of Income Tax Act: ITAT quashes Penalty against Kotak Mahindra Bank [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) quashed penalty on the grounds that an inadvertent error in statement made by the assessee during Hearing cannot be Reason for Levy of penalty...
![Inadvertent Error in statement during Hearing cannot be Reason for Levy of penalty u/s 272(1)(c) of Income Tax Act: ITAT quashes Penalty against Kotak Mahindra Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Inadvertent-Error-in-statement-during-Hearing-cannot-be-Reason-for-Levy-of-penalty-Income-Tax-Act-ITAT-quashes-Penalty-against-Kotak-Mahindra-Bank-TAXSCAN.jpg "Inadvertent Error in statement during Hearing cannot be Reason for Levy of penalty u/s 272(1)(c) of Income Tax Act: ITAT quashes Penalty against Kotak Mahindra Bank [Read Order]")
Penalty for Inaccurate Particular Not Imposable when Assessee Paid Tax before Issue of Reassessment notice under Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) of Jaipur bench has held that the penalty for inaccurate particular is not imposable when the assessee paid tax before the issue of reassessment notice under...
![Penalty for Inaccurate Particular Not Imposable when Assessee Paid Tax before Issue of Reassessment notice under Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Penalty-for-Inaccurate-Particular-Not-Imposable-when-Assessee-Paid-Tax-Penalty-for-Inaccurate-Particular-Penalty-Inaccurate-Particular-Assessee-Taxscan.jpg "Penalty for Inaccurate Particular Not Imposable when Assessee Paid Tax before Issue of Reassessment notice under Income Tax Act: ITAT [Read Order]")
![ITAT quashes Penalty imposed by AO for Non-Compliance of Section 274 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/ITAT-penalty-AO-Section-274-Taxscan.jpg "ITAT quashes Penalty imposed by AO for Non-Compliance of Section 274 [Read Order]")
Notice u/s 274 fails to specify the Reason for Imposition of Penalty: ITAT deletes Penalty u/s 271(c)(1) [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that notice under section 274 fails to specify the reason for the imposition of penalty and deletes the penalty imposed under section...
![Notice u/s 274 fails to specify the Reason for Imposition of Penalty: ITAT deletes Penalty u/s 271(c)(1) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Notice-ITAT-Penalty-taxscan.jpg "Notice u/s 274 fails to specify the Reason for Imposition of Penalty: ITAT deletes Penalty u/s 271(c)(1) [Read Order]")