tax penalty – smeaccountant

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Karnataka High Court Quashes Section 271(1)(c) Penalty Over Ignored CBDT Circular

Karnataka HC sets aside a penalty order under Section 271(1)(c) for assessment year 2013-14, directing authorities to reconsider the case and CBDT circular.

Prasenjit Bhowmik October 7, 2026

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ITAT Rajkot Restores Rs 4.30 Crore Section 69A Addition for Fresh Adjudication

ITAT Rajkot remands a Rs 4.30 crore Section 69A income tax addition and penalty back to CIT(A) for fresh adjudication after merits were left undecided.

Prasenjit Bhowmik September 27, 2026

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ITAT Bangalore Remands Section 271(1)(c) Penalty for Consultant Fraud Verification

ITAT Bangalore orders fresh inquiry into tax penalties under Section 271(1)(c) to verify if a consultant made false claims without the assessee's knowledge.

Prasenjit Bhowmik September 17, 2026

Studio shot of income tax envelope with red pen for accounting and tax season preparation.

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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.

Prasenjit Bhowmik September 6, 2026

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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.

Prasenjit Bhowmik August 18, 2026

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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.

Prasenjit Bhowmik August 17, 2026

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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…

Prasenjit Bhowmik August 16, 2026