Disallowance of Depreciation Claim on Goodwill: Suzlon Energy Ltd gets slapped with ₹260.35 Cr Income Tax Penalty
Suzlon Energy Ltd, a company dedicated to providing renewable energy solutions, faced a setback recently when it was hit with a hefty penalty of...
![Non-striking of Irrelevant Matter would Render Income Tax Penalty Notice Defective: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Mumbai-Income-tax-Income-tax-news-Income-Tax-Penalty-TAXSCAN.jpg "Non-striking of Irrelevant Matter would Render Income Tax Penalty Notice Defective: ITAT [Read Order]")
![No Income Tax Penalty Leviable u/s 271FA without Reportable Transactions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/No-Income-Tax-Penalty-Income-Tax-Penalty-Transactions-ITAT-taxscann.jpg "No Income Tax Penalty Leviable u/s 271FA without Reportable Transactions: ITAT [Read Order]")
![No Penalty u/s 270A of Income Tax Act imposable when Deduction Claim of Education Cess was withdrawn: Rajasthan HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Rajasthan-High-Court-Education-cess-deduction-Income-tax-penalty-exemption-Income-Tax-Education-Cess-taxscan.jpg "No Penalty u/s 270A of Income Tax Act imposable when Deduction Claim of Education Cess was withdrawn: Rajasthan HC [Read Order]")
Income Tax Penalty on NRI: Kerala HC directs to Pursue Statutory Remedy, stays Sale Proceedings of Attached Property [Read Order]
The Kerala High Court has directed a Non-Resident Indian, a United Arab Emirates Resident to pursue available statutory remedy, when he challenged the imposition of income tax penalty orders through...
![Income Tax Penalty on NRI: Kerala HC directs to Pursue Statutory Remedy, stays Sale Proceedings of Attached Property [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Income-Tax-Penalty-NRI-Non-Resident-Indian-Kerala-HC-Statutory-Remedy-Sale-Proceedings-Attached-Property-TAXSCAN.jpg "Income Tax Penalty on NRI: Kerala HC directs to Pursue Statutory Remedy, stays Sale Proceedings of Attached Property [Read Order]")
Payment from SET Satellite (Singapore) P. ltd are not Taxable as ‘royalty’ under Article 12(2) of India-Singapore Treaty: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the payments from the SET Satellite (Singapore) Pte Ltd are not taxable as royalty under Article 12(2) of the India-Singapore...
![Payment from SET Satellite (Singapore) P. ltd are not Taxable as ‘royalty’ under Article 12(2) of India-Singapore Treaty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/India-Singapore-Treaty-Payment-from-SET-Satelli-royalty-under-Article-12-taxscan.jpg "Payment from SET Satellite (Singapore) P. ltd are not Taxable as ‘royalty’ under Article 12(2) of India-Singapore Treaty: ITAT [Read Order]")
Income Tax Penalty u/s 271(1)(c) Not Leviable After Offering Concealed Income under IDS Scheme: ITAT [Read Order]
The Mumbai Income Tax Appellate Tribunal (ITAT) ruled that concealed income under Section 271(1)(c) is not leviable if it is offered under the Income Disclosure Scheme (IDS) and ruled in favor of an...
![Income Tax Penalty u/s 271(1)(c) Not Leviable After Offering Concealed Income under IDS Scheme: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Income-Tax-Penalty-Income-Tax-Penalty-Offering-Concealed-Income-under-IDS-Scheme-Concealed-Income-IDS-Scheme-ITAT-IDS-Taxscan.jpg "Income Tax Penalty u/s 271(1)(c) Not Leviable After Offering Concealed Income under IDS Scheme: ITAT [Read Order]")
No Income Tax Penalty if Addition is Made on Estimated Basis on Alleged Bogus Purchase: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that no income tax penalty could be imposed on an alleged bogus purchase if the addition was made on an estimated basis. The...
![No Income Tax Penalty if Addition is Made on Estimated Basis on Alleged Bogus Purchase: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/No-Income-Tax-Penalty-if-Addition-is-Made-on-Estimated-Basis-on-Alleged-Bogus-Purchase-Income-Tax-Penalty-Income-Tax-Penalty-Addition-Bogus-Purchase-ITAT-Taxscan.jpg "No Income Tax Penalty if Addition is Made on Estimated Basis on Alleged Bogus Purchase: ITAT [Read Order]")
Allahabad HC upholds Tax Penalty u/s 74 UPGST Act imposed on Resort Owner based on Corroborative Evidence [Read Order]
The Allahabad High Court upheld the tax penalty under Section 74 Uttar Pradesh Goods and Service Tax Act (UPGST Act) imposed on Resort Owner based on Corroborative Evidence. The appeal was filed...
![Allahabad HC upholds Tax Penalty u/s 74 UPGST Act imposed on Resort Owner based on Corroborative Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Allahabad-Highcourt-upholds-Tax-Penalty-UPGST-Act-Resort-Owner-Corroborative-Evidence-Allahabad-Highcourt-taxscan.jpeg "Allahabad HC upholds Tax Penalty u/s 74 UPGST Act imposed on Resort Owner based on Corroborative Evidence [Read Order]")
![Non-Application of Mind by AO: ITAT quashes Income Tax Penalty u/s 271(1)(c) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/AO-ITAT-quashes-Income-Tax-Penalty-ITAT-Income-Tax-Penalty-Income-Tax-Penalty-Taxscan.jpg "Non-Application of Mind by AO: ITAT quashes Income Tax Penalty u/s 271(1)(c) [Read Order]")