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 Understanding Trust Law in India: Formation, Registration & Governance SEO Expert July 25, 2026 Income Tax Madras HC Dismisses Writ Against Section 153A Assessment, Cites Alternate Appeal Remedy SEO Expert July 25, 2026 Income Tax ITAT Allows Section 10(10B) Exemption on BSNL Voluntary Retirement Scheme Compensation SEO Expert July 25, 2026