HomeDirect TaxMere Filing Of Return After Notice Can’t Justify Penalty When Income Declared...

Mere Filing Of Return After Notice Can’t Justify Penalty When Income Declared By Taxpayer Is Accepted By Tax Dept.: ITAT

Published on

🚀 Stay Connected With JurisHour

WhatsApp X Telegram

The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has deleted a penalty of Rs. 48.29 lakh imposed under Section 271(1)(c) of the Income Tax Act, 1961, holding that penalty cannot be levied when the income declared by the taxpayer after receiving a tax notice is accepted by the tax department without any changes.  The bench…

Membership Required

You must be a member to access this content.

View Membership Levels

Already a member? Log in here
Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

Latest articles

GST Portal Faces Technical Glitch; Users Report Server Communication Error

Taxpayers and professionals across India reported difficulties accessing the GST Portal after the system...

Vague SCN Violates Natural Justice: Delhi High Court Dismisses Appeal in Customs Broker Licence Revocation Case

The Delhi High Court has dismissed an appeal filed by the Commissioner of Customs...

GST Payable On Corpus Funds Collected By Residential Association For Future Contingencies: AAR

The Karnataka Authority of Advance Ruling (AAR) has held that corpus funds collected by...

Unexplained 8-Year Delay in Disproportionate Assets Investigation Violates Article 21: Orissa High Court 

The Orissa High Court has quashed criminal proceedings initiated by the Vigilance Department against...

More like this

GST Portal Faces Technical Glitch; Users Report Server Communication Error

Taxpayers and professionals across India reported difficulties accessing the GST Portal after the system...

Vague SCN Violates Natural Justice: Delhi High Court Dismisses Appeal in Customs Broker Licence Revocation Case

The Delhi High Court has dismissed an appeal filed by the Commissioner of Customs...

GST Payable On Corpus Funds Collected By Residential Association For Future Contingencies: AAR

The Karnataka Authority of Advance Ruling (AAR) has held that corpus funds collected by...