Income Tax ITAT Deletes Sections 41 & 43 BMA Penalties for Bona Fide ESOP Disclosure Omission SEO Expert July 25, 2026 ITAT Chennai deletes penalties under Sections 41 and 43 of BMA, holding non-disclosure of ESOP shares in Schedule FA was an inadvertent, bona fide omission. Continue Reading Previous: Madras HC Dismisses Writ Against Section 153A Assessment, Cites Alternate Appeal RemedyNext: Understanding Trust Law in India: Formation, Registration & Governance Related Stories Income Tax Income Tax | CGAS Rule 9 Lacuna May Postpone Capital Gains Tax Despite Immediate Withdrawal SEO Expert September 21, 2026 Income Tax Income Tax | Copper Transfer Pricing: Why LME Price Is Not Enough SEO Expert September 21, 2026 Income Tax Income Tax | 0.25% Commission Rate Reasonable on Unexplained Bank Deposits: ITAT Ahmedabad SEO Expert September 21, 2026