When assessee during assessment proceedings voluntarily admitted mistake then mere absence of revised return would not justify penalty u/s 271(1)(c)…
For discrepancy in salary figure between Form No. 16 and 26AS it cannot be said that the assessee has concealed…
No Penalty u/s 271(1)(c) can be imposed by CIT without recording satisfaction in revision order 263. Provision of Section 271(1B)…
Validity of Penalty notice non striking off relevant limb u/s 271(1)(c) upheld when subsequent opportunity notices sent by AO were…
Malba charges was rejected as cost of investment for claiming deduction u/s 54F as there was no occasion for purchasing…
No penalty u/s 271D for cash loans taken to meet financial liabilities of a closed business as it constituted a…
Statutory liability accrues on issuance of demand notice-ITAT deleted disallowance u/s 43B and allowed payment of Local Body Tax in…
Addition u/s 69C for unexplained expenses on foreign tour along with spouse deleted by Tribunal as it was part of…
Cash found during search belonging to parents- ITAT deleted the addition on account of cash belonging to the parents of…
No penalty could be levied on the difference resulted due to adoption of different GP rates made on estimate basis…