#Section 271B
Log in to FollowEvery article filed under the “Section 271B” tag — analysis, news and updates.
244 articlesIncome Tax
Income Tax
Genuine Member Cash Transactions Protected by Reasonable Cause Rule
Income Tax
Income Tax
Brokerage Is Turnover, Not Client Trades: ITAT Delhi Deletes 271B Penalty on Sub-Broker
Income Tax
Income Tax
JAO-Issued 148 Notice After 29.03.2022 Held Invalid: Entire Reassessment Quashed- Chennai ITAT
Income Tax
Income Tax
Quantum-Pending – Bona Fide Belief Saves Assessee from Section 271B Penalty
Income Tax
Income Tax
Form No. 26AS Not Equal to Turnover: Penalty u/s 271B Deleted for ₹1.11 Cr
Income Tax
Income Tax
ITAT Rajkot: Wrong Sanction & Late 148 Notice Void Reassessment
Income Tax
Income Tax
Penalty Falls with Quantum: Rajkot ITAT Deletes 271B After Base Addition Removed
Income Tax
Income Tax
No Reasonable Cause: ITAT Quashes Appeal Against Section 271B Audit Penalty
Income Tax
Income Tax
Delay Condoned Because Temple Believed Income Was Exempt Under Section 10(23BBA)
Income Tax
Income Tax
PCIT Revision Upheld: AO Failed to Verify Low Profit Margin & Audit Need (Sec 263)
Income Tax
Income Tax
Ex Parte Assessment Quashed: HC Grants Fresh Opportunity Due to Bona Fide Non-Appearance
Income Tax
Income Tax
ITAT Pune: Profit on Sale of Agricultural Land Not Automatically Business Income – Intent of Purchase Must Be Examined
Income Tax
Income Tax
Section 271B Penalty Automatically Lapses When quantum assessment set aside
Income Tax
Income Tax
