#Section 271B
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233 articlesIncome 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
ITAT Chennai Deletes Section 271B Penalty for Commission Agent – Audit Not Required When Income Below Threshold
Income Tax
Income Tax
Police Canteen Wins – ₹32 Cr Activity Still Not ‘Business’- No Tax Audit Needed Under Mutuality Principle
Income Tax
Income Tax
Tax Audit Exception: ITAT Confirms Interest is Not “Gross Receipts” for 44AB and Deletes Penalty
Income Tax
Income Tax
Order passed by AO in old PAN cannot be survived if transactions already reported in new PAN
Income Tax
Income Tax
ITAT Kolkata Deletes Penalty u/s 271B Where No Books Were Maintained
Income Tax
Income Tax
CIT(A) Cannot Dismiss Appeals Mechanically: ITAT Raipur Restores Penalty Appeal
Income Tax
Income Tax
Accommodation Entry Case: ITAT Cuts Commission Rate to ₹8,000 per Cr, Upholds Penalty
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Income Tax
Rejection of books doesn’t nullify obligation of timely compliance with section 44AB: Penalty upheld
Income Tax
Income Tax
Penalty u/s. 271B not leviable as there is no need to maintain books u/s. 44AD
Income Tax
Income Tax
ITAT Delhi Quashes 271B Penalty on Amul Milk Dealer Acting as Commission Agent
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Income Tax
No Escape from 271B Penalty if Audit Report Not Signed in Time: ITAT Lucknow
Income Tax
Income Tax
