Login
Login
HomeDirect TaxPenalty Can’t Be Levied On Axis Bank For Change In Accounting Policy:...

Penalty Can’t Be Levied On Axis Bank For Change In Accounting Policy: ITAT

Direct TaxTop Stories

Published on

By Mariya Paliwala
Penalty Can’t Be Levied On Axis Bank For Change In Accounting Policy: ITAT

🚀 Stay Connected With JurisHour

WhatsApp X Telegram

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has quashed penalty proceedings initiated against Axis Bank Limited under Section 271(1)(c) of the Income Tax Act, holding that a disallowed claim based on a plausible accounting method cannot be treated as furnishing inaccurate particulars of income.  The bench of Suchitra Kamble (Judicial Member) and…

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

Case Compilation

JURISHOUR | TAX LAW DAILY BULLETIN : APRIL 14, 2026

Here’s the Tax Law Daily Bulletin for April 14, 2026.GSTGST RETURNS STRENGTHENED WITH TECH-DRIVEN...
Indirect Taxes

EXCISE DUTY | 10% Penalty Valid U/s 25 Despite Interpretational Dispute And Not Fraud: CESTAT

The Customs, Excise and Service Tax Appellate Tribunal, Hyderabad Bench, has upheld the imposition...
Indirect Taxes

CENVAT Credit Allowed on Business-Related Services Pre-2011; Construction Services Hit by Post-Amendment Exclusion: CESTAT

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Hyderabad Bench, has held that...
Indirect Taxes

Merger & Acquisition Advisory Not Taxable as Management Consultancy; No Service Tax on Shareholders for Share Sale Transactions: CESTAT

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Hyderabad Bench, has held that...

More like this

Case Compilation

JURISHOUR | TAX LAW DAILY BULLETIN : APRIL 14, 2026

Here’s the Tax Law Daily Bulletin for April 14, 2026.GSTGST RETURNS STRENGTHENED WITH TECH-DRIVEN...
Indirect Taxes

EXCISE DUTY | 10% Penalty Valid U/s 25 Despite Interpretational Dispute And Not Fraud: CESTAT

The Customs, Excise and Service Tax Appellate Tribunal, Hyderabad Bench, has upheld the imposition...
Indirect Taxes

CENVAT Credit Allowed on Business-Related Services Pre-2011; Construction Services Hit by Post-Amendment Exclusion: CESTAT

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Hyderabad Bench, has held that...

About us

About Jurishour – Juris Hour is an online news portal for reporting accurate and honest news, articles, judgments, Circulars, orders and notifications related to legal developments.

Company

Categories

© 2025 Juris Hour. All Rights Reserved.