Topic

Contracts & Business Disputes (Taxation subcategory)

2 articlesLatest March 2026
Section 269SS IT Act | Cash Receipt During Property Registration Exempt Under Exception (iv) : ITAT Delhi Deletes Penalty Under Section 271D
Case Law Analysis
|Income Tax Appellate Tribunal

Section 269SS IT Act | Cash Receipt During Property Registration Exempt Under Exception (iv) : ITAT Delhi Deletes Penalty Under Section 271D

ITAT Delhi rules that cash received at the time of property registration does not violate Section 269SS if it falls under Explanation (iv) of the Income Tax Act. The tribunal deleted the penalty under Section 271D, emphasizing the exception for transactions during property sales, offering relief to taxpayers facing similar penalties.

Section 270A IT Act | Penalty Void Without Specific Charge in Show-Cause Notice: ITAT Dehradun Reinforces Natural Justice
Case Law Analysis
|Income Tax Appellate Tribunal

Section 270A IT Act | Penalty Void Without Specific Charge in Show-Cause Notice: ITAT Dehradun Reinforces Natural Justice

ITAT Dehradun quashed a penalty under Section 270A of the Income Tax Act, ruling that a show-cause notice must explicitly specify the charge of under-reporting or misreporting. The Tribunal held that levying a penalty on a different charge than the one initiated violates principles of natural justice, setting a precedent for strict procedural compliance in tax proceedings.

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