ITAT Quashes Rs 1.5 Lakh Penalty Under Section 271B, Cites Reasonable Cause:
The ITAT deleted the Section 271B penalty after holding that director disputes and pending litigation constituted a reasonable cause under Section 273B.
ITAT Quashes Section 271B Penalty
Vanshika verma
Aug 8, 2026Premium
ITAT Quashes Rs 1.5 Lakh Penalty Under Section 271B, Cites Reasonable Cause
The ITAT deleted the Section 271B penalty after holding that director disputes and pending litigation constituted a reasonable cause under Section 273B.
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Vanshika verma
Content Writer
Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
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