![No penalty u/s 15(2) of Cenvat Credit Rules in absence of evidence to establish the intentional Availment of Irregular CENVAT Credit: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/No-penalty-Cenvat-Credit-Rules-evidence-CENVAT-Credit-CESTAT-TAXSCAN.jpg "No penalty u/s 15(2) of Cenvat Credit Rules in absence of evidence to establish the intentional Availment of Irregular CENVAT Credit: CESTAT [Read Order]")
No penalty u/s 15(2) of Cenvat Credit Rules in absence of evidence to establish the intentional Availment of Irregular CENVAT Credit: CESTAT [Read Order]
The Kolkata Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that no penalty under section 15(2) of Cenvat Credit...
![No Evidence to prove Assessee as Distribution Company: Calcutta HC upholds ITATs Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Evidence-Distribution-Company-Company-Calcutta-High-Court-Taxscan.jpg "No Evidence to prove Assessee as Distribution Company: Calcutta HC upholds ITATs Order [Read Order]")
![Non-Compliance of Notices and Non-furnishing of Evidence Even After Five Opportunities granted by AO: ITAT Imposes Cost of Rs. 10,000 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Notices-Non-furnishing-Five-Opportunities-ITAT-Cost-Income-Tax-Tax-Taxscan.jpg "Non-Compliance of Notices and Non-furnishing of Evidence Even After Five Opportunities granted by AO: ITAT Imposes Cost of Rs. 10,000 [Read Order]")
![Boarding Officer to Improve Boarding Function Transparency by Boarding Jackets Fitted with Body Worn Camera (BWC): CBIC [Read Circular]](https://www.taxscan.in/wp-content/uploads/2023/03/Boarding-Officer-Boarding-Function-Boarding-Jackets-Body-Worn-Camera-CBIC-Indirect-Tax-Customs-Taxscan.jpg "Boarding Officer to Improve Boarding Function Transparency by Boarding Jackets Fitted with Body Worn Camera (BWC): CBIC [Read Circular]")
Penalty u/s 77 and 78 cannot be imposed in absence of Evidence of Suppression of fact to Evade Payment of Tax: CESTAT [Read Order]
The Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) of Chennai Bench has held that penalty under sections 77 and 78 of the Finance Act, 1994 cannot be imposed in absence of...
![Penalty u/s 77 and 78 cannot be imposed in absence of Evidence of Suppression of fact to Evade Payment of Tax: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Penalty-Evidence-Evade-Payment-of-Tax-Evade-Payment-Tax-Payment-CESTAT-Customs-Excise-Service-Tax-Taxscan.jpg "Penalty u/s 77 and 78 cannot be imposed in absence of Evidence of Suppression of fact to Evade Payment of Tax: CESTAT [Read Order]")
![AO failed to Produce Evidence for Cash Sales: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Evidence-Cash-Sales-ITAT-taxscan.jpg "AO failed to Produce Evidence for Cash Sales: ITAT deletes Addition [Read Order]")
Disallowance u/s 14A applicable only if AO finds assessee incurred Expenses with Credible Evidence: ITAT rules in favour of Maruti Suzuki
In a significant case, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that disallowance under section 14A of the Income Tax Act, 1961 is applicable only if the Assessing Officer...
Addition on Bogus Capital Expense based on Statement u/s 132(4) is not valid When Assessee has rebutted by Furnishing Evidence: ITAT [Read Order]
In a significant case, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that an addition on bogus capital expense based on a statement under section 132(4) of the Income Tax...
![Addition on Bogus Capital Expense based on Statement u/s 132(4) is not valid When Assessee has rebutted by Furnishing Evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Bogus-Capital-Expense-Capital-Expense-Bogus-Furnishing-Evidence-Evidence-ITAT-Income-Tax-Tax-Taxscan.jpg "Addition on Bogus Capital Expense based on Statement u/s 132(4) is not valid When Assessee has rebutted by Furnishing Evidence: ITAT [Read Order]")
Addition to Difference in Stock as per Books and Valuation Report can't be made without Credible Evidence: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that an addition on the difference in stock as per books and valuation report can't be made without credible evidence. The...
![Addition to Difference in Stock as per Books and Valuation Report cant be made without Credible Evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Addition-Difference-in-Stock-Books-and-Valuation-Report-Credible-Evidence-Evidence-ITAT-Taxscan.jpg "Addition to Difference in Stock as per Books and Valuation Report cant be made without Credible Evidence: ITAT [Read Order]")
No Evidence to prove Voluntary Participation of Assessee Company to have Advertised its Product without Permission: Calcutta HC dismisses Petition [Read Order]
The High Court (HC) of Calcutta dismissed the petition as no evidence to prove the voluntary participation of assessee company to have advertised its product without permission. The Kolkata...
![No Evidence to prove Voluntary Participation of Assessee Company to have Advertised its Product without Permission: Calcutta HC dismisses Petition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Evidence-Voluntary-Participation-Assessee-Company-Advertised-Product-Calcutta-High-Court-Petition-Taxscan.jpg "No Evidence to prove Voluntary Participation of Assessee Company to have Advertised its Product without Permission: Calcutta HC dismisses Petition [Read Order]")