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, 2026Premium
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.
Also Read
High Court Dismisses PIL Seeking Court-Monitored Probe Into Alleged Rs 29 Crore GST and Income Tax EvasionITAT Deletes Rs 38.21 Lakh Addition on Demonetisation Cash DepositsUnexplained Investment Addition Solely Based on Third Party Statement Cannot Be Sustained Without Supporting Documents, Holds ITATITAT Allows Additional Evidence Due to Assessee’s Inability to Handle E-Proceedings
About Author
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].
StudyCafe
Delhi, Delhi, India
2570My Recent Articles
- High Court Dismisses PIL Seeking Court-Monitored Probe Into Alleged Rs 29 Crore GST and Income Tax EvasionPremium
- High Court Permits Restoration of Cancelled GST Registration on Filing Pending Returns and Paying Outstanding DuesPremium
- ICAI Announces Commencement Dates for CA Final November 2026 Exams Mock Test Series I and II
- Unexplained Investment Addition Solely Based on Third Party Statement Cannot Be Sustained Without Supporting Documents, Holds ITATPremium
- ITAT Restricts Taxable Commission Income from Alleged Accommodation Entries to 0.15% of Total EntriesPremium
Up Next
Loading suggestions…
Recent Posts
All Posts
Recent Posts
All Posts