![No Penalty can be Imposed u/s 271(1) when Income Surrendered by Assessee During Survey is Shown in Regular Income-Tax Return Filed within Prescribed Time: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/when-Income-Surrendered-Assessee-During-Survey-in-Regular-Income-Tax-Return-Filed-within-Prescribed-Time-ITAT-TAXSCAN.jpg "No Penalty can be Imposed u/s 271(1) when Income Surrendered by Assessee During Survey is Shown in Regular Income-Tax Return Filed within Prescribed Time: ITAT [Read Order]")
No Penalty can be Imposed u/s 271(1) when Income Surrendered by Assessee During Survey is Shown in Regular Income-Tax Return Filed within Prescribed Time: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has recently, in an appeal filed before it, held that no penalty under section 271 (1) can...
![“Port service” also includes the service of “cargo handling service”, Service Tax Exemption allowable under Excise Notification: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/CESTAT-Ahmedabad-cargo-handling-service-Service-Tax-Exemption-Excise-Notification-Customs-Excise-and-Service-Tax-Appellate-Tribunal-Ahmedabad-bench-taxscan.jpg "“Port service” also includes the service of “cargo handling service”, Service Tax Exemption allowable under Excise Notification: CESTAT [Read Order]")
![Rejection of Condonation Application on mere Technical Grounds amounts to Violation of Natural Justice Principles: ITAT remands matter back to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Application-Technical-Grounds-Natural-Justice-Principles-ITAT-CITA-TAXSCAN.jpeg "Rejection of Condonation Application on mere Technical Grounds amounts to Violation of Natural Justice Principles: ITAT remands matter back to CIT(A) [Read Order]")
![No Exemption on Income from Sale of Non-Agricultural Land on failure to fulfil twin condition for not being a Capital Asset: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/exemption-Income-from-agricultural-land-capital-ITAT-TAXSCAN.jpg "No Exemption on Income from Sale of Non-Agricultural Land on failure to fulfil twin condition for not being a Capital Asset: ITAT [Read Order]")
![Taxable Services provided in relation to Transmission of Electricity are exempted under CBIC notification: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Taxable-Services-Transmission-Electricity-CBIC-notification-CESTAT-TAXSCAN.jpg "Taxable Services provided in relation to Transmission of Electricity are exempted under CBIC notification: CESTAT [Read Order]")
No Evidence on relation between Seller and Buyer to Influence Price of Imported Goods: CESTAT sets aside rejection of Transaction Value [Read Order]
The Ahmedabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), set aside rejection on transaction value on absence of evidence on relation between seller and buyer to...
![No Evidence on relation between Seller and Buyer to Influence Price of Imported Goods: CESTAT sets aside rejection of Transaction Value [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/No-Evidence-Imported-Goods-CESTAT-Transaction-Value-TAXSCAN.jpg "No Evidence on relation between Seller and Buyer to Influence Price of Imported Goods: CESTAT sets aside rejection of Transaction Value [Read Order]")
Refund Claim not hit by Limitation when filed within one year from relevant date u/s 27 of Customs Act: CESTAT [Read Order]
The Ahmedabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), held that Refund claim is not hit by limitation when filed within one year from relevant date under Section 27...
![Refund Claim not hit by Limitation when filed within one year from relevant date u/s 27 of Customs Act: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Refund-Claim-hit-Limitation-relevant-Customs-Act-CESTAT-TAXSCAN.jpg "Refund Claim not hit by Limitation when filed within one year from relevant date u/s 27 of Customs Act: CESTAT [Read Order]")
Clarification given by DGFT prevails over allegation made by Customs Department: CESTAT [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Ahmedabad Bench ruled that Clarification given by Directorate General of Foreign Trade (DGFT) prevails over allegation made by Customs...
![Clarification given by DGFT prevails over allegation made by Customs Department: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Clarification-DGFT-Customs-Department-CESTAT-TAXSCAN.jpg "Clarification given by DGFT prevails over allegation made by Customs Department: CESTAT [Read Order]")
Penalty u/s 271(1)(c) not leviable when Revised computation filed to correct the Bonafide Mistake committedin furnishing inaccurate amount of Capital Gain: ITAT
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that Penalty u/s 271(1)(c) was not leviable when the Revised computation was filed to correct the Bonafide Mistake committed...
Providing Blank LR books establishes the abatement in passing of Fraudulent Cenvat Credit: CESTAT upholds Penalty under Rule 26 [Read Order]
Providing Blank LR books establishes the abatement in passing of Fraudulent Cenvat Credit ,the Ahmedabad Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) upheld the penalty...
![Providing Blank LR books establishes the abatement in passing of Fraudulent Cenvat Credit: CESTAT upholds Penalty under Rule 26 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Providing-Blank-LR-books-establishes-Fraudulent-Cenvat-Credit-CESTAT-Penalty-TAXSCAN-.jpg "Providing Blank LR books establishes the abatement in passing of Fraudulent Cenvat Credit: CESTAT upholds Penalty under Rule 26 [Read Order]")
Action of Department on Disposal of Gold through SBI Bullion during the pendency of appeal violates the natural justice principle: CESTAT allows Refund of Differential Value of Gold with Interest
The Ahmedabad Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that action of department on disposal of gold through SBI Bullion during the pendency of appeal...
ITAT directs to Compute Capital gain and Exemption u/s 54 F based on Details of Expenses incurred on Construction of House [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) directed to Compute Capital gain and Exemption u/s 54 F based on Details of expenses incurred on the construction of house. Shri...
![ITAT directs to Compute Capital gain and Exemption u/s 54 F based on Details of Expenses incurred on Construction of House [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-Compute-Capital-gain-Exemption-Expenses-TAXSCAN.jpg "ITAT directs to Compute Capital gain and Exemption u/s 54 F based on Details of Expenses incurred on Construction of House [Read Order]")