![No Concealment of Particulars or Furnishment of Inaccurate Particulars of Income : ITAT Deletes Penalty u/s 271 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/No-Concealment-Particulars-or-Furnishment-Inaccurate-Particulars-Income-ITAT-Deletes-Penalty-Income-Tax-Act-TAXSCAN.jpg "No Concealment of Particulars or Furnishment of Inaccurate Particulars of Income : ITAT Deletes Penalty u/s 271 of Income Tax Act [Read Order]")
No Concealment of Particulars or Furnishment of Inaccurate Particulars of Income : ITAT Deletes Penalty u/s 271 of Income Tax Act [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) held that the assessee has neither concealed the particulars of income nor has furnished...
![Challenge of Penalty Order passed under KVAT Act with Delay of 9 Years: Kerala HC dismisses Writ Petition on Gross Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Challenge-of-Penalty-Penalty-Order-KVAT-Act-Delay-Kerala-HC-taxscan.jpg "Challenge of Penalty Order passed under KVAT Act with Delay of 9 Years: Kerala HC dismisses Writ Petition on Gross Delay [Read Order]")
![Relief to Jaypee Cement: ITAT deletes Penalty of Rs.132 Cr. imposed for Misreported Income due to mistake of Tax Auditor [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Relief-to-Jaypee-Cement-ITAT-deletes-Penalty-imposed-for-Misreported-Income-due-to-mistake-of-Tax-Auditor-TAXSCAN.jpg "Relief to Jaypee Cement: ITAT deletes Penalty of Rs.132 Cr. imposed for Misreported Income due to mistake of Tax Auditor [Read Order]")
![Calcutta HC strikes down Penalty in absence of Taxable Supply: Order U/s 129(3) of CGST Act remanded citing Inadequate Reasons & Non-consideration of petitioner’s objections [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Penalty-Calcutta-High-Court-Taxable-Supply-CGST-Act-petitioners-objections-taxscan.jpg "Calcutta HC strikes down Penalty in absence of Taxable Supply: Order U/s 129(3) of CGST Act remanded citing Inadequate Reasons & Non-consideration of petitioner’s objections [Read Order]")
Central Excise Duty Payable on Metal Containers Returned to Factory & Cleared as Scrap Without Further Manufacturing Process, No Penalty Leviable in Absence of Wilful Evasion: CESTAT [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chennai bench has held that Central Excise Duty is payable on the metal containers that were brought back to the factory and...
![Central Excise Duty Payable on Metal Containers Returned to Factory & Cleared as Scrap Without Further Manufacturing Process, No Penalty Leviable in Absence of Wilful Evasion: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Central-Excise-Duty-Metal-Containers-Central-Excise-Duty-Payable-on-Metal-Containers-Returned-to-Factory-Factory-CESTAT-taxscan.jpg "Central Excise Duty Payable on Metal Containers Returned to Factory & Cleared as Scrap Without Further Manufacturing Process, No Penalty Leviable in Absence of Wilful Evasion: CESTAT [Read Order]")
Non awareness of other contraband goods in Consignment other than Declared in Bill of Entry is not an Excuse to avoid Penalty u/s 117 of Customs Act: CESTAT [Read Order]
The Hyderabad bench of Customs, Excise & Service Tax Appellate Tribunal (CESTAT) non-awareness of other contraband goods in consignment other than declared in the bill of entry is not an excuse...
![Non awareness of other contraband goods in Consignment other than Declared in Bill of Entry is not an Excuse to avoid Penalty u/s 117 of Customs Act: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Non-awareness-contraband-goods-Consignment-Declared-Bill-Entry-Excuse-avoid-Penalty-Customs-Act-CESTAT-TAXSCAN.jpg "Non awareness of other contraband goods in Consignment other than Declared in Bill of Entry is not an Excuse to avoid Penalty u/s 117 of Customs Act: CESTAT [Read Order]")
2 Years Experience of CA not Sufficient to Perform Duties of EQCR in Auditing: NFRA imposes Rs. 1 Lakh Penalty on Auditor of SRS Ltd [Read Notification]
The National Financial Reporting Authority (NFRA) has banned the Chartered Accountant designated as Engagement Quality Control (EQC) reviewer for SRS Limited debarred from conducting audits for 1...
Material Evidence Showing Complicit and Active Involvement in Evasion of Customs Duty: Delhi HC upholds Penalty under Customs Act [Read Order]
The Delhi High Court upheld the penalty under the Customs Act, 1962 as there was material evidence showing the complicit and active involvement of the assessee in evasion of customs duty The...
![Material Evidence Showing Complicit and Active Involvement in Evasion of Customs Duty: Delhi HC upholds Penalty under Customs Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Material-Evidence-Complicit-Active-Involvement-Evasion-Customs-Duty-Delhi-HC-Penalty-Customs-Act-TAXSCAN.jpg "Material Evidence Showing Complicit and Active Involvement in Evasion of Customs Duty: Delhi HC upholds Penalty under Customs Act [Read Order]")
Penalty u/s 271D of Income Tax Act can't be imposed on loan transactions made through Banking Channels: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that the penalty under Section 271D of the Income Tax Act, 1961 cannot be imposed on the loan transactions made through banking...
![Penalty u/s 271D of Income Tax Act cant be imposed on loan transactions made through Banking Channels: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Penalty-Income-Tax-Act-imposed-loan-transactions-Banking-Channels-ITAT-taxscan.jpg "Penalty u/s 271D of Income Tax Act cant be imposed on loan transactions made through Banking Channels: ITAT [Read Order]")
ITAT Upholds the Penalty Order u/s 271of Income Tax Act due to Concealment of Particular of Income by Assessee [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that at the time of assessment Assessing Officer (AO) observed concealment of income for which proceedings under Section 271(1)(c) of the...
![ITAT Upholds the Penalty Order u/s 271of Income Tax Act due to Concealment of Particular of Income by Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-Penalty-Income-Tax-Act-Income-Tax-Concealment-Concealment-of-Particular-of-Income-by-Assessee-ITAT-Upholds-the-Penalty-taxscan.jpg "ITAT Upholds the Penalty Order u/s 271of Income Tax Act due to Concealment of Particular of Income by Assessee [Read Order]")
Confiscation of Goods of Perishable Nature under GST Act: Supreme Court directs Rajasthan HC to consider Urgent Interim Relief [Read Judgement]
The Supreme Court of India directed Rajasthan High Court to consider urgent interim relief sought by the petitioner, Kaushal Export and Another, in the matter of confiscation of goods of perishable...
![Confiscation of Goods of Perishable Nature under GST Act: Supreme Court directs Rajasthan HC to consider Urgent Interim Relief [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/09/Confiscation-Confiscation-of-Goods-Goods-Nature-GST-Act-Confiscation-of-Goods-of-Perishable-Nature-under-GST-Act-Supreme-Court-Rajasthan-HC-taxscan.jpeg "Confiscation of Goods of Perishable Nature under GST Act: Supreme Court directs Rajasthan HC to consider Urgent Interim Relief [Read Judgement]")