Penalty 270A

  • Income Tax

CIT(A) has no jurisdiction to allow or reject claim of immunity from penalty u/s 270AA – ITAT

CIT(A) has no jurisdiction to allow or reject claim of immunity from penalty u/s 270AA - ITAT In an important…

10 months ago
  • Income Tax

Merely accepting disallowance does not mean assessee under reported income u/s 270A

Merely because assessee accepted disallowance made by Assessing Officer, it cannot automatically lead to conclusion that assessee under reported income…

12 months ago
  • Income Tax

Penalty u/s 270A can not be imposed without first disposing application for immunity

Penalty u/s 270A can not be imposed without first disposing application in Form No. 68 for immunity from penalty ABCAUS…

1 year ago
  • Income Tax

No 200 percent Penalty if income declared us 115BBE and 75% of tax and surcharge is paid as per Taxation Laws 2nd Amendment Bill 2016

No 200 percent Penalty if income declared us 115BBE and 75% of tax and surcharge is paid before the end…

7 years ago
  • Income Tax

Rationalisation of income tax penalty provisions in budget- 2016-17

Rationalisation of income tax penalty provisions in budget- 2016-17 New section 270A for under-reporting of income from AY 2017-18 Under…

8 years ago