income tax penalty

  • Income Tax

Penalty u/s 272A(1)(d) deleted as notices gave assessee only two hours time to comply

Penalty u/s 272A(1)(d) deleted as notices gave assessee only two hours time to comply and that too on a public…

2 months ago
  • Income Tax

Assessee was liable to pay penalty u/s 272A(1)(d) on first default only – ITAT

Assessee was liable to pay penalty u/s 272A(1)(d) on the first default as thereafter, the AO could have proceeded to…

2 months ago
  • Income Tax

No penalty can be levied if AO failed to record such satisfaction in assessment order

No penalty can be levied if AO failed to record such satisfaction in assessment order. Penalty proceedings would necessarily be…

2 months ago
  • Income Tax

Under section 271AAB undisclosed income also means additional income due to bogus expense – ITAT

Under section 271AAB undisclosed income also means additional income due to bogus expense recorded in the books of accounts -…

5 months ago
  • Income Tax

No penalty u/s 271F as due to mistake of DDO wrong PAN was mentioned in 26AS

No penalty u/s 271F as due to mistake of DDO wrong PAN was mentioned in 26AS and assessee was precluded…

7 months ago
  • Income Tax

Only five days time allowed to reply questionnaire was not sufficient opportunity

Only five days time allowed to reply questionnaire was not sufficient opportunity. ITAT deletes penalty u/s 272A(1)(d) of the Income…

9 months ago
  • Income Tax

Penalty u/s 271B deleted as assessee was unaware of Tax Audit Provision

Penalty u/s 271B deleted as assessee was not aware that section 44AB related to Tax Audit was applicable to him…

11 months ago
  • Income Tax

Penalty u/s 272A(1)(d) deleted as counsel misled and not informed of assessment/penalty

Penalty u/s 272A(1)(d) deleted as counsel misled by filing inaccurate return and not informed of assessment and penalty notices  ABCAUS…

12 months ago
  • Income Tax

Penalty u/s 271D initiated when assessee alive but order invalid if passed after his death

Penalty u/s 271D initiated when assessee was alive but order invalid if passed in the name of assessee after his…

12 months ago
  • Income Tax

No Penalty leviable u/s 271C on mere delay in remittance of TDS after deduction – Supreme Court

No Penalty leviable u/s 271C on mere delay in remittance/deposit of the TDS after deduction subject to provisions of Section…

1 year ago