![No Penalty u/s 271(1)(c) of Income Tax Act on Payment Received on Sale of Penny Stock Shares: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/No-Penalty-Income-Tax-Act-Income-Tax-Act-on-Payment-Received-Sale-of-Penny-Stock-Shares-ITAT-taxscan.jpg "No Penalty u/s 271(1)(c) of Income Tax Act on Payment Received on Sale of Penny Stock Shares: ITAT [Read Order]")
No Penalty u/s 271(1)(c) of Income Tax Act on Payment Received on Sale of Penny Stock Shares: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) of Jaipur bench has recently held that, no penalty shall be levied under Section 271(1)(c) of...
![Claim of Deduction on Freight Outward Expenses Allowable only on Submission of Actual Payment Details: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Claim-of-Deduction-Deduction-Freight-Outward-Expenses-Expenses-Actual-Payment-Details-Submission-of-Actual-Payment-Details-ITAT-Income-Tax-taxscan.jpg "Claim of Deduction on Freight Outward Expenses Allowable only on Submission of Actual Payment Details: ITAT [Read Order]")
![CESTAT Disallows Cum-Tax Benefit Claim u/s 67 (2) of Finance Act on Non-Payment of Service Tax to Clients [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/CESTAT-Cum-Tax-Benefit-Claim-us-67-2-Finance-Act-Non-Payment-Service-Tax-Clients-TAXSCAN.jpg "CESTAT Disallows Cum-Tax Benefit Claim u/s 67 (2) of Finance Act on Non-Payment of Service Tax to Clients [Read Order]")
Non-Deposit of GST to Central and State Govt: Chhattisgarh High Court grants Anticipatory Bail to Horticulture Assistant Director [Read Order]
The Chhattisgarh High Court granted anticipatory bail to the Assistant Director of Horticulture for the complaint raised on non-depositing of GST to the Central and State governments. Nidhan Singh...
![Non-Deposit of GST to Central and State Govt: Chhattisgarh High Court grants Anticipatory Bail to Horticulture Assistant Director [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Non-Deposit-of-GST-to-Central-and-State-Government-Non-Deposit-of-GST-Chhattisgarh-High-Court-Anticipatory-Bail-Chhattisgarh-High-Court-grants-Anticipatory-Bail-Taxscan.jpg "Non-Deposit of GST to Central and State Govt: Chhattisgarh High Court grants Anticipatory Bail to Horticulture Assistant Director [Read Order]")
Relief to Thyssenkrup Industries: CESTAT quashes Service Tax Demand on Payment of Cenvat Credit to Trading Activities [Read Order]
The Mumbai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), quashed the service tax demand on payment of Cenvat Credit to trading activities, thereby granting a major relief...
![Relief to Thyssenkrup Industries: CESTAT quashes Service Tax Demand on Payment of Cenvat Credit to Trading Activities [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Thyssenkrup-Industries-CESTAT-Service-Tax-Demand-Payment-Cenvat-Credit-TAXSCAN.jpg "Relief to Thyssenkrup Industries: CESTAT quashes Service Tax Demand on Payment of Cenvat Credit to Trading Activities [Read Order]")
![No Addition u/s 40A (3) without Doubt of Genuineness of Payment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Genuineness-of-Payment-Addition-Doubt-of-Genuineness-of-Payment-ITAT-Taxscan.jpg "No Addition u/s 40A (3) without Doubt of Genuineness of Payment: ITAT [Read Order]")
Relief to Thomson Press India: ITAT directs to consider Claim in the Year when Actual Payment is made towards Leave Encashment [Read Order]
In a major relief to Thomson Press (India) Ltd, the New Delhi Bench of the Income Tax Appellate Tribunal (ITAT), directed the Assessing Officer (AO) to consider the claim in the year when actual...
![Relief to Thomson Press India: ITAT directs to consider Claim in the Year when Actual Payment is made towards Leave Encashment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Thomson-Press-India-ITAT-Claim-Actual-Payment-Leave-Encashment-TAXSCAN.jpg "Relief to Thomson Press India: ITAT directs to consider Claim in the Year when Actual Payment is made towards Leave Encashment [Read Order]")
Supreme Court allows Refund of Tax Component in Payment to RRTS Project by Delhi Govt in MC Mehta's Plea [Read Judgement]
The Supreme Court, while considering an application filed by the Government of NCT of Delhi in a petition filed by M C Mehta, to utilise Rs. 500 Crores of Environment Compensation Charge (ECC) Fund...
Payment to Contract Teachers does not amount to ‘Fee for Professional Services’, TDS u/s 194J Not Applicable: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench, has recently, in an appeal filed before it, held that payment to contract teachers does not amount to ‘Fee for Professional Services’, and...
![Payment to Contract Teachers does not amount to ‘Fee for Professional Services’, TDS u/s 194J Not Applicable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Payment-Contract-Teachers-Fee-Professional-Services-TDS-Payment-to-Contract-Teachers-Fee-for-Professional-Services-ITAT-taxscan.jpg "Payment to Contract Teachers does not amount to ‘Fee for Professional Services’, TDS u/s 194J Not Applicable: ITAT [Read Order]")