← Top storiesLegal● Neutral for Indian equitiesPurchased property below market value, filed no ITR, got income tax notice, paid the tax but asked to pay Rs 70,000 penalty; ITAT Delhi gives full relief1 source · first seen 11:53 26 Sept · updated 11:53 26 SeptTags on this storyPick a tag to see all its storiesIncome tax9 todayTaxes22 todayCapital gains tax2 todayRead the reports1 report · earliest 11:53Economic TimesPurchased property below market value, filed no ITR, got income tax notice, paid the tax but asked to pay Rs 70,000 penalty; ITAT Delhi gives full relief11:53