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Form 16 delay led to ITR non-filing and ₹3.74 lakh penalty: How a salaried employee won his case

A salaried employee’s failure to file his ITR after switching jobs led to a ₹3.74 lakh penalty, even though the TDS deducted by his employers was reflected in Form 26AS. ITAT Delhi...

Rs 30L salary, missed ITR after job switch; why ITAT cancelled Rs 3.74 lakh penalty

What appeared to be a filing lapse eventually turned into a tax penalty of Rs 3.74 lakh. The Income Tax Department took a strict view of the matter, maintaining that had the non-fi...

Delhi ITAT Deletes Tax Penalty on Salaried Person for Failing to File ITR Even With ₹30 Lakh Income

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) removed the penalty of Rs. 3,74,072 levied on a salaried employee who had not submitted his original ITR despite earning...

Delhi HC Cancels Tax Penalty U/S 271(1)(c) Due to Defective Notice

The Delhi High Court has mentioned that a penalty levied under section 271(1)(c) of the Income Tax Act, 1961, cannot be sustained if the notice issued to the taxpayer did not menti...

129 Days Late, But Not Too Late: Nagpur ITAT directed CIT (A) to decide the case on merits after providing an opportunit...

129 Days Late, But Not Too Late: Nagpur ITAT directed CIT (A) to decide the case on merits after providing an opportunity of hearing to the Assessee     When justice prevailed over...

No Tax, No Penalty: ITAT Mumbai Draws the Line on Section 270A Penalties for Charitable Trusts

No Tax, No Penalty: ITAT Mumbai Draws the Line on Section 270A Penalties for Charitable Trusts   The introduction of Section 270A of the Income-tax Act marked a significant shift i...

Delhi HC Defers Decision on GST Penalty for Non-Taxable Persons Under Section 122(1) Pending SC Proceedings

In a significant legal development regarding GST penalties, the Delhi High Court has recently declined to pass a ruling on whether penalties under Section 122(1) of the Central Goo...

Wrong Political Donation Claim Doesn’t Automatically Mean 200% Penalty: Ahmedabad ITAT Cancels Penalty Under Section 270...

Wrong Political Donation Claim Doesn’t Automatically Mean 200% Penalty: Ahmedabad ITAT Cancels Penalty Under Section 270A Keywords: Section 270A penalty, bogus political donation,...

Can CPC Apply the Supreme Court’s Checkmate Judgment Retrospectively? ITAT Says No

Can CPC Apply the Supreme Court’s Checkmate Judgment Retrospectively? ITAT Says No A Debatable Issue Cannot Be Adjusted Under Section 143(1) by Applying a Later Supreme Court Decis...

Can Penalty Under Section 271(1)(c) Be Levied on Estimated Bogus Purchase Additions? ITAT Says No

Can Penalty Under Section 271(1)(c) Be Levied on Estimated Bogus Purchase Additions? ITAT Says No   Estimated Additions Cannot Automatically Lead to Penalty for Concealment or Furn...

Procedural Lapse Cannot Defeat Substantive Tax Benefit: Telangana High Court Restores Section 115BAA Benefit Despite Del...

Procedural Lapse Cannot Defeat Substantive Tax Benefit: Telangana High Court Restores Section 115BAA Benefit Despite Delay in Filing Form 10-IC   A Landmark Judgment on “Genuine Ha...

Failure to Initiate Section 270A Penalty Cannot Alone Justify Section 263 Revision: ITAT Ahmedabad

Failure to Initiate Section 270A Penalty Cannot Alone Justify Section 263 Revision: ITAT Ahmedabad   PCIT cannot revise an assessment merely because AO did not initiate penalty pro...

Delhi HC Waives Service Tax Penalty, Holds Bona Fide Belief in Non-Taxability a Reasonable Cause u/s 80

The Delhi High Court has mentioned that a bona fide and reasonable presumption of non-taxability constitutes a reasonable cause u/s 80 of the Finance Act, 1994, especially when the...

Rejected of application done under Section 119(2)(b) Application: Is It Appealable?

Rejected of application done under Section 119(2)(b) Application: Is It Appealable?   What is the remedy when the Income Tax Department refuses to condone the delay? Tax laws presc...

Reassessment Notice Issued After the Specified 6 Year Limitation Period is Not Valid: ITAT Quashes Order

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has stated that a reassessment notice issued u/s 148 of the Income Tax Act, 1961, after the specified 6-year limitation...

J&K Ladakh HC: One-Day Delay Invalid in GST Penalty Proceedings U/S 129(3)

The Jammu & Kashmir and Ladakh High Court has stated that the 7-day timeline specified under Section 129(3) of the Jammu & Kashmir Goods and Services Tax Act, 2017, for iss...

Refund Cannot Be Denied for Mere Technical Lapse: ITAT Invokes Article 265 to Protect Taxpayer’s Rights

Refund Cannot Be Denied for Mere Technical Lapse: ITAT Invokes Article 265 to Protect Taxpayer’s Rights     Once Delay in E-Verification Is Condoned, Revenue Cannot Retain Tax That...

Section 153C Cannot Be Invoked After 1 April 2021 for an “Other Person” Merely Because the Search Was Conducted Earlier:...

Section 153C Cannot Be Invoked After 1 April 2021 for an “Other Person” Merely Because the Search Was Conducted Earlier: ITAT Bangalore   Landmark Ruling Clarifies That the Date of...

Latest Tax Updates- IRS Launches Automatic Penalty Relief Program and Court Invalidates GILTI Rule

No ITR filed, then tax notice led to Rs 5.31L refund battle which taxpayer won

While completing the assessment, the Income Tax Assessing Officer (AO) rejected the refund claim on the sole ground that a refund could not be claimed through an ITR filed under Se...

Patna HC Imposes ₹25,000 Penalty for Reversing Stand on GST Undertaking After Accepting Relief

The Patna High Court has ruled that if a taxpayer willingly agrees to certain terms to receive benefits from tax authorities regarding GST, they can’t later argue against those ter...

Allahabad HC Seeks Centre, CBDT’s Response on Judge’s Plea Against Tax Exemption Denial Under New Tax Regime

A sitting judge of the Allahabad High Court has filed a petition challenging the denial of tax exemption on statutory allowances under the new tax regime. The plea seeks judicial r...

Late Filing of Form 10-IE Cannot Deny New Tax Regime Benefit: Hyderabad ITAT Delivers Landmark Relief Under Section 115B...

Late Filing of Form 10-IE Cannot Deny New Tax Regime Benefit: Hyderabad ITAT Delivers Landmark Relief Under Section 115BAC     Procedural Delay Cannot Defeat Substantive Tax Benefi...

ITAT Bengaluru Addresses ₹1.23 Lakh Tax Demand Caused by Consultant’s Wrong Tax Regime Selection

The Income Tax Appellate Tribunal (ITAT), Bangalore Bench, ruled that due to an error made by the tax consultant, the income tax return was processed under the old tax regime. As a...