ITAT Cancels Rs 1.50 Lakh Section 271B Penalty, Holds Director Dispute Was Reasonable Cause:
ITAT deletes Rs 1.50 lakh penalty under Section 271B, holding ongoing director disputes and court proceedings constituted reasonable cause under Section 273B.
ITAT Deletes Penalty for Delayed Return and Audit Report Amidst Director Dispute
Saloni Kumari
Aug 13, 2026
Premium
ITAT Cancels Rs 1.50 Lakh Section 271B Penalty, Holds Director Dispute Was Reasonable Cause
ITAT deletes Rs 1.50 lakh penalty under Section 271B, holding ongoing director disputes and court proceedings constituted reasonable cause under Section 273B.
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Saloni Kumari
Content Writer
Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
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Delhi, Delhi, India
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