The tribunal held that penalty under Section 270A cannot be levied where the assessee voluntarily withdrew the education cess claim after a retrospective amendment. A bona fide claim made on ...

The issue was whether utilisation of corpus donations for expenditure converts them into taxable income. The Tribunal held that corpus retains its exempt character when used as per donor directions ...

The Tribunal clarified that confirmation of a Section 14A read with Rule 8D disallowance does not automatically justify penalty. Independent findings showing inaccurate particulars or concealment are ...

ITAT held that when the same property valuation has been accepted in co-owners’ cases, a contrary view cannot be taken for another co-owner. Consistency in tax treatment is ...

The issue was whether reassessment after three years was barred by limitation. The Tribunal held it valid since the escaped income exceeded ₹50 lakh, attracting the extended reopening ...

The decision underscores that ignoring audited disclosures, ledgers, and salary records violates principles of natural justice. Once actual payment is proved, gratuity deduction must be ...

The adjudicating authority penalised a company for not spending mandatory CSR funds and failing to transfer unspent amounts on time. Subsequent rectification did not erase liability for the original ...

The adjudicating authority held that utilisation of application money before filing PAS-3 violates Section 42. Even procedural deviations in private placement can trigger substantial ...

Failure to attach the EGM notice and explanatory statement in statutory filings was held to violate Rule 13(d). The key takeaway is that procedural lapses attract penalties even where shareholder ...

The issue was an appellate order passed with facts, year, and income of another assessee. The Tribunal held the order void and directed a fresh decision in the correct ...

A company was penalised for filing an incomplete and incorrect INC-22 for change of registered office. Startup status helped secure a reduced penalty under Section ...

Errors and omissions in the annual return were held to violate Section 92. Even timely filing does not cure defective disclosures, though penalties were reduced for a ...