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Man skipped filing ITR and got tax notice so he declared Rs 12.9 lakh income; department imposed 200% penalty of Rs 3.99 lakh on taxable amount, but ITAT cancels it - The Times of India
You don’t file your income tax return (ITR) and declare your income only when the Income Tax Department sends you a notice. You face a 200% penalty but the Income Tax Appellate Tribunal (ITAT) gives you relief on a technical ground.
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Rs 3.99 lakh penalty for under-reporting income and paying Rs 2 lakh less in income tax; ITAT Jaipur cancels penalty, know why - The Economic Times
https://economictimes.indiatimes.com/wealth/tax/rs-3-99-lakh-penalty-for-under-reporting-income-and-paying-rs-2-lakh-less-in-income-tax-itat-jaipur-cancels-penalty-know-why/articleshow/134985612.cms
Man deposits Rs 85.3 lakh received as cash gifts from wife, relatives; income tax calls it unexplained and sends notice, but ITAT Chennai accepts gift deeds and gives relief - The Times of India
https://timesofindia.indiatimes.com/business/india-business/man-deposits-rs-85-3-lakh-received-as-cash-gifts-from-wife-relatives-income-tax-calls-it-unexplained-and-sends-notice-but-itat-chennai-accepts-gift-deeds-and-gives-relief/articleshow/134743903.cmsMan invested Rs 10 lakh, which tax department treated as unexplained; he first cited cash loan, then bank withdrawals as source, ITAT Nagpur deletes addition and Rs 2.11 lakh penalty - The Times of In...
https://timesofindia.indiatimes.com/business/india-business/man-invested-rs-10-lakh-which-tax-department-treated-as-unexplained-he-first-cited-cash-loan-then-bank-withdrawals-as-source-itat-nagpur-deletes-addition-and-rs-2-11-lakh-penalty/articleshow/134857815.cmsMan did not file ITR, faced Rs 17.18 lakh penalty over alleged Rs 55.62 lakh unexplained cash deposits; ITAT Mumbai deletes penalty because tax officer invoked wrong provision - The Times of India
https://timesofindia.indiatimes.com/business/india-business/man-did-not-file-itr-faced-rs-17-18-lakh-penalty-over-alleged-rs-55-62-lakh-unexplained-cash-deposits-itat-mumbai-deletes-penalty-because-tax-officer-invoked-wrong-provision/articleshow/134837562.cmsWoman declared Rs 67.4 lakh ancestral jewellery in her ITR which led to additions by tax department; ITAT Mumbai deleted it on basis of old records, but rejected her Rs 12 lakh HUF brokerage claim - T...
https://timesofindia.indiatimes.com/business/india-business/woman-declared-rs-67-4-lakh-ancestral-jewellery-in-her-itr-which-led-to-additions-by-tax-department-itat-mumbai-deleted-it-on-basis-of-old-records-but-rejected-her-rs-12-lakh-huf-brokerage-claim/articleshow/134706982.cms