Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Income Tax Act | Bona Fide Belief With Genuineness Of Transaction Constitutes Reasonable Cause U/S 273B; No Penalty Imposable U/S 271E: Chhattisgarh HC
Appeal Against OrderIncome Tax
Chhattisgarh High Court ruled that genuine belief in transaction authenticity constitutes reasonable cause under Section 273B, making penalties under Section 271E applicable only in cases of intentional default. This decision protects taxpayers acting in good faith from unjust penalties and emphasizes the importance of assessing taxpayer intent in penalty proceedings.
