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![Compounding Charges must be computed by taking 100% of Amount of Tax sought to be Evaded: Gujarat HC follows CBDT Circular [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/08/Compounding-Fee-Expenditure-Taxscan.jpg "Compounding Charges must be computed by taking 100% of Amount of Tax sought to be Evaded: Gujarat HC follows CBDT Circular [Read Judgment]")
Compounding Charges must be computed by taking 100% of Amount of Tax sought to be Evaded: Gujarat HC follows CBDT Circular [Read Judgment]
The Gujarat High Court has held that for the purpose of computing Compounding charges, the expression "amount sought to be evaded" in CBDT's...
![Salaried Persons not required to maintain Books of Accounts unless they are engaged in Business or Profession: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Salaried-Class-Taxscan.jpg "Salaried Persons not required to maintain Books of Accounts unless they are engaged in Business or Profession: ITAT [Read Order]")
![Penalty proceedings initiated after Six months of receipt of Adjudicatory Order is barred by Limitation: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "Penalty proceedings initiated after Six months of receipt of Adjudicatory Order is barred by Limitation: Delhi HC [Read Judgment]")
![ITAT Deletes Penalty against Balaji Motion Pictures [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Balaji-Motion-Pictures.jpg "ITAT Deletes Penalty against Balaji Motion Pictures [Read Order]")
Penalty Proceedings are Void if the notice was issued by the AO without Application of Mind: ITAT Mumbai [Read Order]
Recently, the division bench of the ITAT Mumbai quashed the penalty proceedings under section 271(1)(a) of the Income Tax Act alleging concealment of income on the part of the assessee and held that...
![Penalty Proceedings are Void if the notice was issued by the AO without Application of Mind: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/Assessing-officer-Tax-Scan.jpg "Penalty Proceedings are Void if the notice was issued by the AO without Application of Mind: ITAT Mumbai [Read Order]")