![Penalty cannot be levied for mere Deletion of Capital Gain Exemption Claim u/s 54F: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Penalty-Capital-Gain-Claim-ITAT-taxscan.jpeg "Penalty cannot be levied for mere Deletion of Capital Gain Exemption Claim u/s 54F: ITAT [Read Order]")
Penalty cannot be levied for mere Deletion of Capital Gain Exemption Claim u/s 54F: ITAT [Read Order]
Penalty cannot be levied for mere deletion of Capital Gain Exemption Claim under Section 54F of the Income Tax Act,1961 and so was held by Income Tax...
![Income Tax Penalty cannot be levied for Bonafide and Inadvertent Mistake resulted in Excess Claim of Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/IncomeTax-Penalty-Bonafide-Claim-Deduction-ITAT-taxscan.jpeg "Income Tax Penalty cannot be levied for Bonafide and Inadvertent Mistake resulted in Excess Claim of Deduction: ITAT [Read Order]")
![Goods attracting Nil Rate of GST Compensation Cess shall be treated as ‘Exempted’ to compute Adjusted Turnover: Calcutta HC orders Refund [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Rate-ofGST-CompensationCess-Turnover-Calcutta-HC-Refund-taxscan.jpeg "Goods attracting Nil Rate of GST Compensation Cess shall be treated as ‘Exempted’ to compute Adjusted Turnover: Calcutta HC orders Refund [Read Order]")
![Deduction u/s 80IA of Income Tax Act cannot be disallowed on Failure of Form No.10CCB submission: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Deduction-f-Income-Tax-Act-ITAT-taxscan.jpg "Deduction u/s 80IA of Income Tax Act cannot be disallowed on Failure of Form No.10CCB submission: ITAT [Read Order]")
![ITAT allows TDS Credit in the Year of Accrual subject to Submission of Affidavit promising No Credit shall be Claimed in Future [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/ITAT-TDS-Credit-Credit-Claim-taxscan.jpg "ITAT allows TDS Credit in the Year of Accrual subject to Submission of Affidavit promising No Credit shall be Claimed in Future [Read Order]")
An Unlawful Claim for Deduction would not amount to ‘Concealment of Income’: ITAT deletes Penalty [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that an unlawful claim for deduction would not amount to “concealment of income” in order to impose a penalty under Section 271(1)(c) of...
![An Unlawful Claim for Deduction would not amount to ‘Concealment of Income’: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Claim-Deduction-Concealment-of-Income-ITAT-Penalty-taxscan.jpg "An Unlawful Claim for Deduction would not amount to ‘Concealment of Income’: ITAT deletes Penalty [Read Order]")
18% GST applicable on Fans used in Poultry House for the purpose of Air Circulation: AAR [Read Order]
The Authority for Advance Rulings (AAR) Gujarat bench has held that 18% GST is applicable on theFans used in Poultry House for the purpose of Air circulation. The applicant, M/s. Star Enterprise,...
![18% GST applicable on Fans used in Poultry House for the purpose of Air Circulation: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/GST-Poultry-House-Air-circulation-AAR-taxscan.jpg "18% GST applicable on Fans used in Poultry House for the purpose of Air Circulation: AAR [Read Order]")
Assessee engaged in Generation and Selling of Power can claim Deduction u/s801 of ITA: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench consisting of DR. BRR Kumar, Accountant Member, and Yogesh Kumar U.S., Judicial Member held that assessee engaged in generation and selling of...
![Assessee engaged in Generation and Selling of Power can claim Deduction u/s801 of ITA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Assessee-selling-of-power-claim-deduction-ITA-ITAT-taxscan.jpeg "Assessee engaged in Generation and Selling of Power can claim Deduction u/s801 of ITA: ITAT [Read Order]")
Penalty under Central Excise Act is not sustainable by Third Party Evidence, can’t claim Duty on Clandestine Removal: CESTAT [Read Order]
The Delhi Principal Bench of Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that the demand of duty and penalty under the Central Excise Act is not sustainable by the...
![Penalty under Central Excise Act is not sustainable by Third Party Evidence, can’t claim Duty on Clandestine Removal: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Penalty-Central-Excise-Act-third-party-evidence-claim-duty-clandestine-removal-CESTAT-taxscan.jpeg "Penalty under Central Excise Act is not sustainable by Third Party Evidence, can’t claim Duty on Clandestine Removal: CESTAT [Read Order]")
![Husband can claim Capital Gain Exemption for Investment made in the name of Wife: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-Tax-Deduction-claim-Capital-Gain-Exemption-Investment-ITAT-taxscan.jpeg "Husband can claim Capital Gain Exemption for Investment made in the name of Wife: ITAT [Read Order]")
![Re-Opening of Assessment against ITAT order is not Valid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Re-Opening-of-Assessment-s-not-Valid-ITAT-taxscan.jpg "Re-Opening of Assessment against ITAT order is not Valid: ITAT [Read Order]")
Disputes concerning Exemption Claim and Rate of Duty are Different: Supreme Court upholds Jurisdiction of HC in entertaining Appeal against CESTAT Order [Read Order]
The Supreme Court has held that disputes concerning exemption claim and rate of duty are different and upholds the Jurisdiction of the High Court in entertaining an appeal against CESTAT Order. ...
![Disputes concerning Exemption Claim and Rate of Duty are Different: Supreme Court upholds Jurisdiction of HC in entertaining Appeal against CESTAT Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Exemption-Claim-Rate-of-Duty-Supreme-Court-Jurisdiction-CESTAT-taxscan.jpeg "Disputes concerning Exemption Claim and Rate of Duty are Different: Supreme Court upholds Jurisdiction of HC in entertaining Appeal against CESTAT Order [Read Order]")