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Section 271B

Latest Articles


Penalties and Prosecutions Under Income tax Act, 1961

Income Tax : Discover penalties and prosecutions under the Income Tax Act, 1961, including default conditions, quantum of penalties, and potent...

September 6, 2024 517035 Views 4 comments Print

FAQs on Penalty provisions under Income Tax Act, 1961

Income Tax : Learn about penalty provisions under the IT Act, including penalties for defaults in tax payment, income reporting, and more. Key ...

August 24, 2024 3174 Views 0 comment Print

Seizure-Induced Audit Delays: A Defense Against Section 271B Penalties

Income Tax : Explore how seizure of documents can impact audit deadlines under Section 44AB and defenses against Section 271B penalties for aud...

August 13, 2024 534 Views 0 comment Print

Section 271B: How to Safeguard Against Audit Penalty

Income Tax : Dive into Section 271B's mandates, penalties, and exemptions under the Income Tax Act. Explore real cases, challenges, and strateg...

April 17, 2024 10635 Views 0 comment Print

A Critical Appreciation of Ranchi Bench of ITAT in Rakesh Kr. Jha vs. ITO

Income Tax : Explore recent ITAT judgment in Rakesh Kr. Jha vs. ITO, delving into interpretation of Sections 271A and 271B, highlighting confli...

November 29, 2023 1983 Views 0 comment Print


Latest News


AOTAA files PIL before Orissa HC on the issue of late fee, interest & penalty under Income Tax

Income Tax : All Odisha Tax Advocates Association has filed an PIl before Orissa High Court with following Prayers- (i) Admit the Writ Petition...

January 13, 2022 4599 Views 1 comment Print


Latest Judiciary


Commission earned from sugar mills is business income hence eligible for deduction u/s. 80P

Income Tax : ITAT Lucknow held that commission earned by Cane Development Councils or Cooperative Cane Development Unions from sugar mills on s...

June 13, 2025 27 Views 0 comment Print

Cause, Not Length, Key for Delay Condonation for Section 271B Penalty Appeal

Income Tax : ITAT Cochin remands 44AB penalty case, stating sufficient cause for delay should be considered over its length for condoning appea...

May 14, 2025 129 Views 0 comment Print

No Penalty for Audit Delay Due to Partner Death: ITAT Cochin

Income Tax :  ITAT Cochin deletes penalty under Section 271B for delayed tax audit, citing the demise of the managing partner as a reasonable ...

May 2, 2025 153 Views 0 comment Print

Tax Audit Provisions Inapplicable to Fictional Income Under Sections 68 to 69D

Income Tax : Provisions of Section 44AB, which mandate Tax audit, are not applicable to fictional income provisions like Section section 68, 69...

April 10, 2025 5853 Views 0 comment Print

ITAT Bangalore Sets Aside Penalty order for serving on unrelated email ID

Income Tax : ITAT Bangalore set aside penalty orders under Section 271B due to improper notice delivery to an unrelated email ID and failure to...

March 29, 2025 888 Views 0 comment Print


Latest Posts in Section 271B

Commission earned from sugar mills is business income hence eligible for deduction u/s. 80P

June 13, 2025 27 Views 0 comment Print

ITAT Lucknow held that commission earned by Cane Development Councils or Cooperative Cane Development Unions from sugar mills on supply of sugar cane is business income and hence eligible for deduction under section 80P of the Income Tax Act.

Cause, Not Length, Key for Delay Condonation for Section 271B Penalty Appeal

May 14, 2025 129 Views 0 comment Print

ITAT Cochin remands 44AB penalty case, stating sufficient cause for delay should be considered over its length for condoning appeal filing delays.

No Penalty for Audit Delay Due to Partner Death: ITAT Cochin

May 2, 2025 153 Views 0 comment Print

 ITAT Cochin deletes penalty under Section 271B for delayed tax audit, citing the demise of the managing partner as a reasonable cause and following Kerala HC precedent.

Tax Audit Provisions Inapplicable to Fictional Income Under Sections 68 to 69D

April 10, 2025 5853 Views 0 comment Print

Provisions of Section 44AB, which mandate Tax audit, are not applicable to fictional income provisions like Section section 68, 69, 69A, 69B, 69C& 69D

ITAT Bangalore Sets Aside Penalty order for serving on unrelated email ID

March 29, 2025 888 Views 0 comment Print

ITAT Bangalore set aside penalty orders under Section 271B due to improper notice delivery to an unrelated email ID and failure to provide adequate response time.

Section 272A(2)(e) Penalty order quashed as not passed within reasonable time: ITAT Bangalore

March 18, 2025 441 Views 0 comment Print

ITAT Bangalore held that penalty order under section 272A(2)(e) of the Income Tax Act has to be passed within reasonable time. Since, the penalty order is not passed within reasonable time, the same is liable to be quashed.

Entire Bank Transactions Cannot Be Treated as Turnover for Section 271B Penalty

March 8, 2025 3699 Views 0 comment Print

ITAT Surat remands penalty case under Section 271B to AO, ruling that bank transactions alone cannot determine turnover. Fresh consideration ordered.

Addition of Unexplained Cash Deposit was sustained at 25% on basis of reasonable estimate

February 18, 2025 276 Views 0 comment Print

Aggrieved by the order passed by AO, assessee moved on with an appeal to CIT(A), where assessee challenged the reopening of the assessment, arguing that Section 148 was not justified.

Penalty u/s. 271B deleted as reasonable cause shown: ITAT Bangalore

February 13, 2025 363 Views 0 comment Print

ITAT Bangalore held that penalty under section 271B of the Income Tax Act for delay in uploading audit report set aside as reasonable cause shown and there was only technical breach without any loss to exchequer of the Government.

Section 271B Penalty Unfair if imposed Before Quantum Assessment: ITAT Agra

February 12, 2025 672 Views 0 comment Print

ITAT Agra held that confirming penalty under section 271B of the Income Tax Act before finalization of quantum assessment is unjust and unfair. Accordingly, matter restored back to CIT(A) for fresh adjudication.

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