Income Tax Tribunal Ruling 2026

ITAT Deletes Penalty in Education Cess Dispute; Says Retrospective Amendment Not Grounds for Penalty The Income Tax Appellate Tribunal (ITAT), Ahmedabad, in a recent ruling, has deleted the penalty of Rs 3.69 lakh imposed on the grounds of under-reporting of income in the ITR and allowed the taxpayer’s appeal. Shree Swati Texdyes Private Limited had…