Income Tax 26 July 2026
ITAT Waives Rs 1.89 Lakh Penalty
The Central Government has granted an income tax exemption to the Kerala Headload Workers Welfare Board for tax years 2026-27 to 2028-29, subject to certain conditions, and the ITAT has deleted a penalty of Rs 1.89 lakh under Section 270A, considering the non-filing of Form 68 as a technical lapse, the decision is seen as a significant relief for the welfare board, which provides financial assistance to headload workers in Kerala
The Central Government has granted an income tax exemption to the Kerala Headload Workers Welfare Board for tax years 2026-27 to 2028-29, subject to certain conditions.
The ITAT has deleted a penalty of Rs 1.89 lakh under Section 270A, considering the non-filing of Form 68 as a technical lapse.
- The decision is seen as a significant relief for the welfare board, which provides financial assistance to headload workers in Kerala.
- The exemption is likely to benefit thousands of headload workers in the state, who rely on the welfare board for financial support
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