![Section 269SS not applicable when Substantial Sale Consideration of Immovable property is evidenced by registered agreement: ITAT deletes Penalty u/s 271D [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Substantial-Sale-Sale-Consideration-Consideration-of-Immovable-property-Immovable-property-ITAT-deletes-Penalty-ITAT-taxscan.jpg "Section 269SS not applicable when Substantial Sale Consideration of Immovable property is evidenced by registered agreement: ITAT deletes Penalty u/s 271D [Read Order]")
Section 269SS not applicable when Substantial Sale Consideration of Immovable property is evidenced by registered agreement: ITAT deletes Penalty u/s 271D [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that Sale transaction evidenced by registered agreement prevents implementation of...
![Penalty u/s 271(1)(c) of the Income Tax Act Cannot be Imposed for Mistake by Accountant: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Penalty-Income-Tax-Act-Imposed-for-Mistake-by-Accountant-ITAT-TAXSCAN.jpg "Penalty u/s 271(1)(c) of the Income Tax Act Cannot be Imposed for Mistake by Accountant: ITAT [Read Order]")
![Mere Non Acceptance of Claim made by assessee would not lead to Automatic Levy of Penalty u/s 270A(9)(a): ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Non-Acceptance-Claim-Mere-Non-Acceptance-of-Claim-assessee-Levy-of-Penalty-taxscan.jpg "Mere Non Acceptance of Claim made by assessee would not lead to Automatic Levy of Penalty u/s 270A(9)(a): ITAT deletes Addition [Read Order]")
![Person who Causes to Make, Sign or Use any Declaration or Document liable u/s 114AA of Customs Act: CESTAT imposes Penalty of Rs 10 Lakhs for Smuggling Gold [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Declaration-Document-liable-Document-Customs-Act-CESTAT-imposes-Penalty-of-Rs-10-Lakhs-for-Smuggling-Gold-Penalty-of-Rs-10-Lakhs-for-Smuggling-Gold-Smuggling-Gold-taxscan.jpg "Person who Causes to Make, Sign or Use any Declaration or Document liable u/s 114AA of Customs Act: CESTAT imposes Penalty of Rs 10 Lakhs for Smuggling Gold [Read Order]")
![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]")
NFRA imposes 1 Crore Penalty on Auditors of Cafe Coffee Day Subsidiary on Failure to Detects Fraudulent Diversion of Funds of Rs. 2,448.23 crores [Read Order]
The National Financial Reporting Authority (NFRA) imposed a monetary penalty of Rs. 1 crore on the auditors of Cafe Coffee Day subsidiary Tanglin Developments Ltd (TDL). The auditors include M/s...
MCA imposes Penalty on Company Omitting to Print E-mail ID and Phone Number on Resolution attached to Form GNL-1 [Read Order]
The Ministry of Corporate Affairs, in the adjudication of M/s Riverdale Foundation observed that the company noted that the company had failed to include an Email ID and Phone number on the...
MCA imposes Penalty of Rs. 5000 on Chartered Accountant failing to Disclose Specified Bank Notes in Auditor’s Report
The MCA has fined a Chartered Accountant (CA) Rs. 5000 due to his omission of reporting the details of Specified Bank Notes that were deposited in banks in the audit report of Vinayak Builders and...
No Suppression of Facts as Goods were Cleared by Appropriate Invoice: CESTAT quashes Penalty on Director of Company [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), quashed penalty on the Director of the company on the ground that there was no suppression of facts as goods were cleared by...
![No Suppression of Facts as Goods were Cleared by Appropriate Invoice: CESTAT quashes Penalty on Director of Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/No-Suppression-Suppression-Appropriate-Invoice-CESTAT-taxscan.jpg "No Suppression of Facts as Goods were Cleared by Appropriate Invoice: CESTAT quashes Penalty on Director of Company [Read Order]")
Demand of Interest and Penalty Provisions under Central Excise Rules: Madras HC directs Department to consider Representation by Steel Manufacturing Unit [Read Order]
The Madras High Court directed the Department to consider Representation by Steel Manufacturing Unit in the matter of the demand of interest and penalty provisions under the Central Excise Rules,...
![Demand of Interest and Penalty Provisions under Central Excise Rules: Madras HC directs Department to consider Representation by Steel Manufacturing Unit [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Demand-Interest-Penalty-Provisions-Central-Excise-Madras-HC-Department-Representation-Steel-Manufacturing-Unit-TAXSCAN.jpg "Demand of Interest and Penalty Provisions under Central Excise Rules: Madras HC directs Department to consider Representation by Steel Manufacturing Unit [Read Order]")
CESTAT quashes Penalty imposed for Non-payment of Service Tax on ‘Ocean Freight charges’ on Ground of Limitation [Read Order]
The Chennai bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) quashed the penalty imposed for non-payment of service tax on ocean freight charges on the ground of time-barred...
![CESTAT quashes Penalty imposed for Non-payment of Service Tax on ‘Ocean Freight charges’ on Ground of Limitation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/CESTAT-Penalty-CESTAT-Quashes-Penalty-imposed-for-Non-payment-of-Service-Tax-taxscan.jpg "CESTAT quashes Penalty imposed for Non-payment of Service Tax on ‘Ocean Freight charges’ on Ground of Limitation [Read Order]")