Judgement

The penalty imposed under Section 270A was held void as the proceedings were initiated without specifying precise sub-clause or specific limb for Misreporting or Under-reporting.

ITAT Deletes Income Tax penalty against incorrect HRA Exemption

ROC Mumbai imposes penalty for duplicate DIN despite claim of MCA system-generated allotment.

ROC Imposes Penalty for Duplicate DIN Despite Alleged MCA System Error

ITAT Ahmedabad held that books cannot be rejected on mere suspicion, granting Shakti Polyweave Private Limited full relief for AY 2018-19 by deleting all additions.

Books Can Not Be Rejected on Surmise: ITAT Ahmedabad Grants Complete Relief to Shakti Polyweave

The ITAT Delhi allows obsolete software write-off and deletes multiple ad-hoc business expenditure disallowances.

ITAT Grants Major Relief on Royalty, Warranty and Software Disallowances

Cash deposits transferred to principal companies cannot be taxed as unexplained income under Section 69A.

ITAT Delhi Grants Relief to Licensed Money Transfer Collection Agent

Gaurav Rakhecha, Penalty Deleted, Electronic Evidence, Hawala Tokens, Balar Marketing Pvt. Ltd., Inadmissible Evidence, Section 271, Section 270A, Income Tax Penalty.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

ITAT Deletes Income Tax penalty against incorrect HRA Exemption

ROC Imposes Penalty for Duplicate DIN Despite Alleged MCA System Error

Books Can Not Be Rejected on Surmise: ITAT Ahmedabad Grants Complete Relief to Shakti Polyweave

ITAT Grants Major Relief on Royalty, Warranty and Software Disallowances

ITAT Delhi Grants Relief to Licensed Money Transfer Collection Agent

No Penalty Sustainable on Invalid Electronic Evidence, Rules ITAT