![‘Medical Illness’ is a Reasonable Cause for Non-Appearance before the Authorities: ITAT Delhi Deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Chandigarh-Taxscan.jpg "‘Medical Illness’ is a Reasonable Cause for Non-Appearance before the Authorities: ITAT Delhi Deletes Penalty [Read Order]")
‘Medical Illness’ is a Reasonable Cause for Non-Appearance before the Authorities: ITAT Delhi Deletes Penalty [Read Order]
In Sangeeta Sawhney v. ACIT, the ITAT, Delhi bench deleted penalty proceedings initiated under Section 271(1)(b) of the Income Tax Act by holding that...
![Amount Received on Account of Reimbursement of Expenses would not form part of FTS: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Amount Received on Account of Reimbursement of Expenses would not form part of FTS: ITAT Mumbai [Read Order]")
Allow Exporters to Pay GST on Transactions through E-Currency: Federation of Indian Export Organisations
In the background of the forthcoming GST being introduced soon in the country, Ganesh Kumar Gupta, President, Federation of Indian Export Organisations (FIEO) accompanied by Shri Nari Kalwani Regional...
Deduction u/s 80HHDD(4) not available to Utilization of Reserved Amount for the Current Year: Rajasthan HC [Read Judgment]
The division bench of the Rajasthan High Court recently held that benefit of deduction under section 80HHDD(4) of the Income Tax Act is confined only to utilization of reserved amount for the previous...
![Deduction u/s 80HHDD(4) not available to Utilization of Reserved Amount for the Current Year: Rajasthan HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/01/RajasthanHighCourt-Taxscan.jpg "Deduction u/s 80HHDD(4) not available to Utilization of Reserved Amount for the Current Year: Rajasthan HC [Read Judgment]")
Redemption Fine and Penalty exceeding 10% and 5% of Value of Goods is not Permissible: CESTAT Bangalore [Read Order]
While disposing 17 appeals together by a common order, the CESTAT Bangalore, recently held that imposition of redemption fine and penalty cannot exceed 10% and 5% the value of imported goods. The...
Time Limit for Initiation of Penalty starts from the date on which the AO writes letter to the ACIT recommending the issuance of SCN: Delhi HC
The division bench of the Delhi High Court in Principal CIT v. Mahesh Wood Products Pvt Ltd, held that the time limitation for "initiation" of penalty proceedings under section 275(1)(c) of the Income...
Ex-Gratia Payments made in connection with VRS due to Closure of Business is Deductible u/s 37(1): ITAT Kolkata [Read Order]
In DCIT v. M/s Linde India Ltd, the ITAT Kolkata bench held that ex-gratia/additional Payments made by a company in connection with VRS due to closure of Business is allowable as Expenditure under...
![Ex-Gratia Payments made in connection with VRS due to Closure of Business is Deductible u/s 37(1): ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg "Ex-Gratia Payments made in connection with VRS due to Closure of Business is Deductible u/s 37(1): ITAT Kolkata [Read Order]")