Income Tax Penalty u/s 271AAB deleted as assessee was declaring income on presumptive basis, was not required to maintain books…
Assessing agriculture income as business income no basis for imposing penalty u/s 271A as it would not ipso facto lead…
Delay in filing of Tax Audit Report due to computer data crash- Penalty u/s 271B quashed ABCAUS Case Law Citation:ABCAUS…
Penalty u/s 270A can not be imposed without first disposing application in Form No. 68 for immunity from penalty ABCAUS…
Once income suffered TDS it cannot be said to be undisclosed income - ITAT ABCAUS Case Law CitationABCAUS 3650 (2023)…
If one proceeding is saved, other has to be quashed – interesting judgment of ITAT on reassessment and penalty proceedings.…
Liability of company paid by Director in cash is cash loan u/s 269SS liable to Penalty u/s 271D of the…
Date of initiation of penalty proceedings in assessment order is the relevant date u/s 275(1)(c) for limitation purpose. ABCAUS Case…
Penalty u/s 271(1)(b) quashed as notice u/s 142(1) issued but no finding was as to if it was served on…
No concealment penalty for claiming capital expenditure as revenue when there is no conscious and deliberate attempt by assessee to…