![CESTAT Upholds Quashing of Penalty on Confiscation of Seized Gold Bar on ground of Absence of Smuggling of origin gold [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/CESTAT-Upholds-Quashing-Smuggling-of-origin-gold-Penalty-on-Confiscation-CESTAT-Customs-Gold-Bar-Confiscation-Taxscan.jpg "CESTAT Upholds Quashing of Penalty on Confiscation of Seized Gold Bar on ground of Absence of Smuggling of origin gold [Read Order]")
CESTAT Upholds Quashing of Penalty on Confiscation of Seized Gold Bar on ground of Absence of Smuggling of origin gold [Read Order]
The Kolkata bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) upheld the quashing of the penalty imposed on the confiscation...
![No service tax Leviable under “Renting of immovable property” to Sub-lease of Property if Leasehold Right are Permanently Assigned : CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/service-tax-Renting-of-immovable-property-Leasehold-Right-cestat-TAXSCAN.jpg "No service tax Leviable under “Renting of immovable property” to Sub-lease of Property if Leasehold Right are Permanently Assigned : CESTAT [Read Order]")
![CESTAT quashes Rejection of Refund claim of SAD on Import of Shoes on ground of Non-inclusion of Allegation in SCN [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/CESTAT-Refund-claim-Import-of-Shoes-Allegation-taxscan.jpg "CESTAT quashes Rejection of Refund claim of SAD on Import of Shoes on ground of Non-inclusion of Allegation in SCN [Read Order]")
![ALV of Vacant Property in Unsold Flats form held as Stock-in-Trade and Remained Vacant during year is NIL: ITAT allows Vacancy allowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Vacant-Property-Unsold-Flats-Stock-in-Trade-Remained-Vacant-ITAT-taxscan.jpg "ALV of Vacant Property in Unsold Flats form held as Stock-in-Trade and Remained Vacant during year is NIL: ITAT allows Vacancy allowance [Read Order]")
![Disallowance/Addition of loss Cannot be raised when not claimed in Computation of Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Disallowance-Addition-of-loss-Computation-of-Income-ITAT-Income-Tax-Appellate-Tribunal-taxscan.jpg "Disallowance/Addition of loss Cannot be raised when not claimed in Computation of Income: ITAT [Read Order]")
CESTAT quashes Penalty Imposed u/s 78 of Finance Act for Short Payment of Service Tax on ground of Genuine Disclosure of Audited Balance Sheet [Read Order]
The Kolkata bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) quashed the penalty imposed under section 78 of the Finance Act,1994 for the short payment of the service tax on...
![CESTAT quashes Penalty Imposed u/s 78 of Finance Act for Short Payment of Service Tax on ground of Genuine Disclosure of Audited Balance Sheet [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/CESTAT-Penalty-Finance-Act-Short-Payment-Service-Tax-ground-Genuine-Disclosure-TAXSCAN.jpeg "CESTAT quashes Penalty Imposed u/s 78 of Finance Act for Short Payment of Service Tax on ground of Genuine Disclosure of Audited Balance Sheet [Read Order]")
TDS Mismatch in 26AS and Profit & Loss Account: ITAT Orders Reassessment on Lack of Substantiating Evidence
The Income Tax Appellate Tribunal of Kolkata Bench has issued a directive for the reassessment of a case where there was a discrepancy between the Tax Deducted at Source (TDS) reported in Form 26AS...
ITAT deletes addition made u/s 69 of Income Tax Act on Account of Gold Loan obtained from Partner which recorded under Books of Account [Read Order]
The Income Tax Appellate Tribunal (ITAT) Kolkata Bench deleted the addition made under Section 69 of Income Tax Act, 1961 on account of gold loan obtained from partner which was recorded under books...
![ITAT deletes addition made u/s 69 of Income Tax Act on Account of Gold Loan obtained from Partner which recorded under Books of Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Income-Tax-Act-Account-Gold-Loan-Partner-recorded-Books-Account-TAXSCAN.jpg "ITAT deletes addition made u/s 69 of Income Tax Act on Account of Gold Loan obtained from Partner which recorded under Books of Account [Read Order]")
ITAT Deletes addition made on account of loss from Derivative Trading adjusted with Business Income [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench deletd the addition made on account of loss from derivative trading adjusted with business Income. The assessee Kippy Engineering Private...
![ITAT Deletes addition made on account of loss from Derivative Trading adjusted with Business Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-addition-made-account-loss-Derivative-Trading-Business-Income-TAXSCAN.jpg "ITAT Deletes addition made on account of loss from Derivative Trading adjusted with Business Income [Read Order]")
CESTAT Upholds Order of Dropping Demand of CENVAT Duty from assessee on ground of Genuine Disclosure of Input-Output Ratio [Read Order]
The Kolkata bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) upheld the order of dropping the demand of CENVAT duty from the assessee on the ground of the genuine disclosure...
![CESTAT Upholds Order of Dropping Demand of CENVAT Duty from assessee on ground of Genuine Disclosure of Input-Output Ratio [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/CESTAT-Dropping-Demand-CENVAT-Duty-assessee-ground-Genuine-Disclosure-Input-Output-Ratio-TAXSCAN.jpg "CESTAT Upholds Order of Dropping Demand of CENVAT Duty from assessee on ground of Genuine Disclosure of Input-Output Ratio [Read Order]")
Charge of Clandestine Removal of Goods Computed on Mere Differences of Audit report and ER-1 Report is Not Sustainable: CESTAT [Read Order]
The Kolkata bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that the charge of clandestine removal of goods computed on mere differences of the audit report and the...
![Charge of Clandestine Removal of Goods Computed on Mere Differences of Audit report and ER-1 Report is Not Sustainable: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Charge-Clandestine-Removal-Goods-Computed-Differences-Audit-report-Sustainable-CESTAT-TAXSCAN.jpg "Charge of Clandestine Removal of Goods Computed on Mere Differences of Audit report and ER-1 Report is Not Sustainable: CESTAT [Read Order]")
No Penalty can be imposed if Assessee Proves there was Reasonable cause for Delay in Filing Books of Account u/s 273B of Income Tax Act: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that no penalty can be imposed if the assessee proves that there was a reasonable cause for delay in filing books of account under...
![No Penalty can be imposed if Assessee Proves there was Reasonable cause for Delay in Filing Books of Account u/s 273B of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/No-Penalty-Assessee-Proves-Reasonable-cause-Delay-Filing-Books-Account-Income-Tax-Act-ITAT-TAXSCAN.jpg "No Penalty can be imposed if Assessee Proves there was Reasonable cause for Delay in Filing Books of Account u/s 273B of Income Tax Act: ITAT [Read Order]")