No concealment when all information available for determining income given voluntarily by assessee either in return or at the time…
Whether an expenditure is capital or revenue squarely fall within the ambit of a debatable issue. Penalty u/s 271(1)(c) deleted…
Law does not debar assessee from making a claim which he believes is plausible and knowing that it will be…
Concealment Penalty cannot be levied on rejection of a bonafide claim. Even assessee with great expertise could make silly mistake…
Penalty proceedings initiated on one limb and penalty imposed on two limbs invalid ABCAUS Case Law Citation:ABCAUS 3336 (2020)…
No Penalty u/s 271(1)(c) merely due to quantum addition without making fresh verification during penalty proceedings ABCAUS Case Law Citation:ABCAUS…
No Penalty u/s 271(1)(c) on cancellation of automatic deduction u/s 24(a) on wrong classification of income under house property than…
Non striking of applicable limb of penalty u/s 271(1)(c) in notice. ITAT permits restoration of appeal if issue is decided…
Concealment penalty deleted as assessee was not habitual defaulter, made surrender only to buy peace and did not contest the…
Claim of exemption u/s 10 for agricultural land not liable to penalty u/s 271(1)(c). ITAT directed Assessing Officer to delete…