#Income Tax Penalty

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Feb 4, 2026 • 08:16 PM

Penalty u/s 270A | Quantum and Penalty Proceedings Are Independent : Income Tax Appellate Tribunal

ITAT Mumbai holds that penalty proceedings under Section 270A of the Income Tax Act are independent of quantum proceedings, requiring separate examination of explanations.

Section 271B Penalty Not Applicable Where No Books of Account Are Maintained | Section 44AB Compliance : Income Tax Appellate Tribunal

Case Law Analysis

Jan 22, 2026 • 04:43 PM

Section 271B Penalty Not Applicable Where No Books of Account Are Maintained | Section 44AB Compliance : Income Tax Appellate Tribunal

ITAT Delhi holds that penalty under Section 271B cannot be imposed for failure to file audit report when no books of account were maintained, as Section 44AB presupposes prior compliance with Section 44AA.

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#Income Tax Penalty

Penalty u/s 270A | Quantum and Penalty Proceedings Are Independent : Income Tax Appellate Tribunal

Section 271B Penalty Not Applicable Where No Books of Account Are Maintained | Section 44AB Compliance : Income Tax Appellate Tribunal

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