The Indore bench of the Income Tax Appellate Tribunal (ITAT) on Thursday ruled that no penalty proceedings can be initiated on a suspected defaulter assessee without specifying the charges levied against him. The aggrieved, Mr.

The Madras High Court extended the time limit fixed for filing appeal with required pre-deposit, in the matter of imposition of penalty under the Goods and Service Tax (GST Act), 2017. According to the petitioner,

The State Government of Rajasthan presented the Advocates Protection Bill before the state legislative assembly on Minister Shanti Dhariwal’s behalf on wednesday (15th March 2023) which is expected to be passed on March 22nd, 2023.

The New Delhi bench of Income Tax Appellate Tribunal ( ITAT ) has ruled that the penalty cannot be levied since Assessee surrendered additional income and paid all the tax dues. The Assessee, an individual

The Income Tax Appellate Tribunal (ITAT), Kolkata bench has held that non-mentioning of relevant limb in the penalty notice is not a curable defect and the proceedings are liable to be quashed. The Assessing Officer

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the penalty proceedings under section 271(1)(c) of the Income Tax Act, 1961 cannot be survived if the Assessing Officer does not clearly

Amidst confusions arising with regard to the levy of 5% GST on the penalty amount for cancellation of the train tickets, the South Central Railways confirmed that the levy is applicable only to the AC

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that penalty can’t be invoked under Income Tax Act without relevant documents which substantiate business activities. The appellant GSA (Gestions Sportives Automobiles) is a company

The Madras High Court deleted the penalty for failure to furnish information or document as conduct of the assessee was bonafide. The assessee, M/s.SSL-TTK Ltd. is a Public Limited Company engaged in the manufacture of

The Central Board of Direct Taxes (CBDT) notified that the penalty cases are assigned to the National Faceless Penalty Centre and to be disposed of by National Faceless Assessment Centre under Faceless Penalty Scheme, 2021.

The Mumbai bench of Income Tax Appellate Tribunal in the case of M/s. Advance Power Display Systems Ltd versus DCIT on Monday ruled that levy of penalty is not mandatory in case of every addition

The Central Board of Direct Taxes (CBDT) issued a notification on Friday notifying Faceless Penalty (Amendment) Scheme 2022 and omitted regional faceless penalty centres. As per the notification, the Faceless Penalty (Amendment) Scheme, 2022 intends

The Central Board of Direct Tax ( CBDT ) has said that, Penalty proceedings in cases where pendency could not be created on ITBA because of technical reasons or cases not having a PAN to

In the Interest of justice, the Supreme Court made a minor adjustment to the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) order, which nullified the penalty of Rs. 25 lakhs imposed on the directors

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that a mere change in the heads of income would not attract penalty under the Income Tax Act, 1961. The assessee