April 15, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal has held that penalty under Section 271(1)(c) of the Income Tax Act cannot be sustained where the underlying quantum issue has been admitted by the High Court Read more…
Tag: Section 271(1)(c)
February 05, 2026 : The Delhi Bench of the Income Tax Appellate Tribunal has ruled that a wrong claim of deduction does not by itself attract penalty under Section 271(1)(c) of the Income Tax Act when the assessee’s final tax Read more…