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Section 270A

Latest Articles


Penalty for Concealment of Income, Section 270A of Income Tax Act

Income Tax : Discover the implications of Income Tax Act Section 270A and penalties for under-reporting or misreporting income. Learn calculati...

June 19, 2024 4422 Views 0 comment Print

From Side Hustle to Tax Puzzle: A Freelancer’s Guide to Taxes

CA, CS, CMA : Discover the complexities of tax compliance for freelancers and gig workers, from understanding income sources to navigating legal...

June 8, 2024 1299 Views 3 comments Print

How Penalty Under Section 270A Can Be Avoided

Income Tax : Learn how to avoid penalties under Section 270A of the Income Tax Act through understanding its provisions and utilizing Section 2...

April 9, 2024 5454 Views 0 comment Print

Wrong Income Tax Refund Claims: Consequences & Remedies

Income Tax : Explore the consequences of making incorrect income tax refund claims and the associated legal ramifications. Understand the penal...

August 20, 2023 4140 Views 0 comment Print

Section 270AA- An option to avoid penalty implications in case of under-reporting and mis-reporting of income

Income Tax : Explore the provisions of Section 270AA, offering a strategic avenue for assessees to avoid penalties for under-reporting or mis-r...

November 17, 2022 16206 Views 0 comment Print


Latest Judiciary


ITAT allows Food and Liquor Costs incurred for Business Meetings

Income Tax : Read the detailed analysis of ITAT Delhi's decision in Rhine Energy LLP vs Assessment Unit, allowing expenses on Buffet Dinner, Li...

July 16, 2024 261 Views 0 comment Print

Delhi ITAT Rules No Tax on Technical Services to AE Without PE in India

Income Tax : Read the full text of the Delhi ITAT order on Denso (Thailand) vs ACIT, discussing tax liability for technical services under Indi...

June 20, 2024 447 Views 0 comment Print

ITAT quahses Section 270A Penalty Despite Non-Filing of Return for Capital Gains on Property

Income Tax : Understand the implications of the Parulben Vijaykumar Patel vs ITO case from ITAT Ahmedabad. Detailed analysis and conclusion pro...

June 15, 2024 927 Views 0 comment Print

Taxability of secondment receipts: ITAT deletes Section 271(1)(c) & 270A Penalty

Income Tax : Discover the ITAT Bangalore ruling on IBM Canada Limited vs. DCIT, where salary reimbursements of seconded employees were deemed n...

June 9, 2024 1113 Views 0 comment Print

National Faceless Assessment Centre was Prescribed Income tax Authority for issuance of notice u/s 143(2)

Income Tax : Assessee was a commercial bank having its head office in France and had 8 branches in India. Assessee was involved in normal banki...

June 6, 2024 1614 Views 0 comment Print


Latest Posts in Section 270A

ITAT allows Food and Liquor Costs incurred for Business Meetings

July 16, 2024 261 Views 0 comment Print

Read the detailed analysis of ITAT Delhi’s decision in Rhine Energy LLP vs Assessment Unit, allowing expenses on Buffet Dinner, Liquor, and Govt Taxes as business promotion under section 37(1) of IT Act.

Delhi ITAT Rules No Tax on Technical Services to AE Without PE in India

June 20, 2024 447 Views 0 comment Print

Read the full text of the Delhi ITAT order on Denso (Thailand) vs ACIT, discussing tax liability for technical services under India-Thailand DTAA, absence of FTS clause, and PE considerations.

Penalty for Concealment of Income, Section 270A of Income Tax Act

June 19, 2024 4422 Views 0 comment Print

Discover the implications of Income Tax Act Section 270A and penalties for under-reporting or misreporting income. Learn calculation methods and exceptions.

ITAT quahses Section 270A Penalty Despite Non-Filing of Return for Capital Gains on Property

June 15, 2024 927 Views 0 comment Print

Understand the implications of the Parulben Vijaykumar Patel vs ITO case from ITAT Ahmedabad. Detailed analysis and conclusion provided.

Taxability of secondment receipts: ITAT deletes Section 271(1)(c) & 270A Penalty

June 9, 2024 1113 Views 0 comment Print

Discover the ITAT Bangalore ruling on IBM Canada Limited vs. DCIT, where salary reimbursements of seconded employees were deemed non-taxable as fees for technical services.

From Side Hustle to Tax Puzzle: A Freelancer’s Guide to Taxes

June 8, 2024 1299 Views 3 comments Print

Discover the complexities of tax compliance for freelancers and gig workers, from understanding income sources to navigating legal consequences. Learn how to mitigate tax non-compliance and optimize financial management.

National Faceless Assessment Centre was Prescribed Income tax Authority for issuance of notice u/s 143(2)

June 6, 2024 1614 Views 0 comment Print

Assessee was a commercial bank having its head office in France and had 8 branches in India. Assessee was involved in normal banking activities including financing of foreign trade and foreign exchange transaction

Employee Salary Reimbursement Not Taxable as FTS under India-Japan DTAA

May 24, 2024 417 Views 0 comment Print

Understand the grounds of appeal in the case against the final assessment order under the Income Tax Act, 1961, for AY 2017-18, involving taxability of employee cost reimbursements and more.

Non-resident’s salary/allowances for services rendered abroad not taxable in India

May 23, 2024 3156 Views 0 comment Print

ITAT Delhi rules non-resident’s salary for services rendered abroad not taxable in India, providing significant relief under India-Australia DTAA.

IT Support Payments Not FTS under Article 12 of India-Netherlands DTAA

May 18, 2024 468 Views 0 comment Print

In a landmark ruling, ITAT Mumbai provides relief to Shell IT, asserting that payments for IT support aren’t considered FTS under India-Netherlands DTAA.

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