#Income Tax Penalty
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878 articlesIncome Tax
Income Tax
Vague Penalty Notice Invalidates Proceedings under section 271(1)(c)
Income Tax
Income Tax
No section 271(1)(c) penalty when Sustainability of Addition is debatable
Income Tax
Income Tax
Non-specification of limb of notice render section 271(1)(c) penalty proceedings invalid
Income Tax
Income Tax
Penalty u/s 271(1)(c) not leviable as tax was payable on book profits u/s 115JB
Income Tax
Income Tax
Penalty order u/s 271(1)(c) issued without striking off irrelevant limb is liable to be deleted
Income Tax
Income Tax
No penalty on income disclosed in revised After receipt of Reassessment Notice
Income Tax
Income Tax
Initiation of penalty proceedings u/s 271(1)(c) without statutory notice is not acceptable
Income Tax
Income Tax
ITAT delete section 271(1)(b) penalty as Show Cause Notice was vague
Income Tax
Income Tax
Penalty notice u/s. 274 r.w.s 271(1)(c) not specifying limb under which penalty proceeding is initiated is invalid
Income Tax
Income Tax
Penalty u/s 271(1)(c) not leviable as disallowance of expense doesn’t mean incorrect furnishing of income
Income Tax
Income Tax
Penalty cannot be cancelled for mere non-specification of limb under which penalty u/s 271(1)(c) is levied
Income Tax
Income Tax
Delay in Tax Audit Report Submission is Technical Breach: ITAT deletes section 271B Penalty
Income Tax
Income Tax
Bogus Purchase: No Penalty if Addition was on Estimated Basis
Income Tax
Income Tax
