ITAT Ranchi Deletes Section 270A Penalty for Inadvertent CSR Expense Claim

DCIT Vs Uranium Corporation of India Limited (ITAT Ranchi) In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Ranchi bench, has dismissed an appeal filed by the Deputy Commissioner of Income Tax (DCIT) against Uranium Corporation of India Limited (UCIL). The appeal challenged the decision of the National Faceless Appeal Centre, Delhi (NFAC), which had deleted a penalty of ₹1,28,22,090/- levied on UCIL under Section 270A of the Income Tax Act, 1961, for the assessment year 2018-19. The Tribunal’s decision, pronounced on June 10, 2025, underscores the nuanced application ...