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, 2026
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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.
Studycafe
Delhi, Delhi, India
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