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NewsPolicyRadarTuesday, 13 October 2026NEW

Income Tax | ITAT Guwahati Allows Taxpayer Appeal Against ₹5.68 Crore Cash Penalty

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Summary
ITAT Guwahati quashes Section 271DA penalty for limitation and lack of proof of cash receipts under Section 269ST.
Key Facts
TypeNews
SourcePolicyRadar India
PublishedTuesday, 13 October 2026
Affected Population1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
Key Authorities
Ministry of FinanceRBISEBIDEA
Key Stakeholders
TaxpayersBanks & NBFCsInvestors
Government Context
NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight
Explore Sectors
Finance & Economy671 tracked→
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