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Income Tax Tribunal Remands Rs 1.09-Crore Cash Addition and Sets Aside Penalty
Income Tax Appellate Tribunal in Agra remands a Rs 1.09-crore cash addition for fresh review and deletes the consequential penalty under section 271AAC.
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Section 263 Not Invocable for Non-Initiation of Section 270A Penalty: ITAT Ahmedabad
The ITAT Ahmedabad ruled that tax authorities cannot use Section 263 to revise assessments just because an officer skipped Section 270A penalties.
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Bombay High Court Rules Ambiguous Tax Notice Invalidates Penalty Proceedings
Discover how a landmark Bombay High Court ruling protects taxpayers by invalidating penalty proceedings initiated through ambiguous tax notices.
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Supreme Court Declines Interference With Penalty Deletion Over Ambiguous Notice
The Supreme Court of India recently dismissed a special leave petition challenging a High Court ruling, which had upheld the deletion of a tax penalty due to an ambiguous statutory…