The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that merely making a wrong claim of deduction does not automatically attract penalty under the Income Tax Act when the assessee’s final tax liability is discharged under the Minimum Alternate Tax (MAT) provisions and there is no tax evasion. The Bench of Anubhav…
Wrong Deduction Claim Alone Doesn’t Attract Penalty If MAT Tax Is Paid: ITAT
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
Direct Tax
Failure to Serve Hearing Notice Violated Rule 20 of ITAT Rules: Delhi HC
The Delhi High Court has held that the failure to serve hearing notice violated...
GST
Pending GST Proceedings Lapsed After Repeal of Rules 89(4B) and 96(10): Punjab & Haryana HC
The Punjab and Haryana High Court has disposed of a batch of writ petitions...
Direct Tax
Bombay High Court Admits Key Transfer Pricing Questions on Aggregating Domestic and International Transactions Under TNMM
The Bombay High Court has admitted a department appeal raising important questions concerning the...
Indirect Taxes
Importers Liable for Customs Duty Benefits Availed Through Manipulated Scrips: Delhi High Court
The Delhi High Court has ruled that importers cannot escape customs duty liability by...
More like this
Direct Tax
Failure to Serve Hearing Notice Violated Rule 20 of ITAT Rules: Delhi HC
The Delhi High Court has held that the failure to serve hearing notice violated...
GST
Pending GST Proceedings Lapsed After Repeal of Rules 89(4B) and 96(10): Punjab & Haryana HC
The Punjab and Haryana High Court has disposed of a batch of writ petitions...
Direct Tax
Bombay High Court Admits Key Transfer Pricing Questions on Aggregating Domestic and International Transactions Under TNMM
The Bombay High Court has admitted a department appeal raising important questions concerning the...

