![ITAT deletes Penalty u/s 271B of Income Tax Act as Turnover was below 2 Crores as Prescribed u/s 44AD [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-deletes-Penalty-Income-Tax-Act-as-Turnover-was-below-2-Crores-as-Prescribed-TAXSCAN.jpg "ITAT deletes Penalty u/s 271B of Income Tax Act as Turnover was below 2 Crores as Prescribed u/s 44AD [Read Order]")
ITAT deletes Penalty u/s 271B of Income Tax Act as Turnover was below 2 Crores as Prescribed u/s 44AD [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal (ITAT) has deleted the penalty under Section 271B of the Income Tax Act 1961, as the turnover was...
![No information in respect of Interest on Income Tax Refund to tax available at time of filing Return of Income: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/No-information-respect-Interest-Income-Tax-Refund-tax-available-time-of-filing-Return-of-Income-ITAT-deletes-Penalty-taxscan.jpg "No information in respect of Interest on Income Tax Refund to tax available at time of filing Return of Income: ITAT deletes Penalty [Read Order]")
![Advance Received by Assessee Constitutes a Gift and therefore Exempt from Penalty u/s 271D of the Income Tax Act: ITAT Dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Advance-Received-by-Assessee-Gift-Exempt-from-Penalty-Income-Tax-Act-ITAT-Dismisses-Appeal-taxscan-1.jpg "Advance Received by Assessee Constitutes a Gift and therefore Exempt from Penalty u/s 271D of the Income Tax Act: ITAT Dismisses Appeal [Read Order]")
ITAT deletes Penalty u/s 271AAA of Income Tax Act Due to Lack of Opportunity to Explain Undisclosed Income Source During Search Proceedings [Read Order]
The Income Tax Appellate Tribunal (ITAT ) Delhi bench deleted the penalty under section 271AAA of the Income Tax Act, 1961 due to lack of opportunity to explain the undisclosed income source during...
![ITAT deletes Penalty u/s 271AAA of Income Tax Act Due to Lack of Opportunity to Explain Undisclosed Income Source During Search Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-deletes-Income-Tax-Act-Due-to-Lack-of-Opportunity-to-Explain-Undisclosed-Income-Source-During-Search-Proceedings-TAXSCAN.jpg "ITAT deletes Penalty u/s 271AAA of Income Tax Act Due to Lack of Opportunity to Explain Undisclosed Income Source During Search Proceedings [Read Order]")
No Penalty Imposable u/s 76 of Finance Act on Construction Service prior to 01.06.2007: CESTAT sets aside Penalty [Read Order]
The Kolkata Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) quashed the penalty imposed under the category of construction service and held that no penalty can be imposed...
![No Penalty Imposable u/s 76 of Finance Act on Construction Service prior to 01.06.2007: CESTAT sets aside Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/No-Penalty-Imposable-Finance-Act-on-Construction-Service-prior-CESTAT-Set-asides-Penalty-TAXSCAN.jpg "No Penalty Imposable u/s 76 of Finance Act on Construction Service prior to 01.06.2007: CESTAT sets aside Penalty [Read Order]")
CESTAT Quashes Service Tax Demand on Group Life Insurance Schemes on ground of Benefit of Closure u/s 73(3) of Finance Act [Read Order]
The Hyderabad bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) quashed the service tax demand imposed on group life insurance schemes on the ground of benefit of closure...
![CESTAT Quashes Service Tax Demand on Group Life Insurance Schemes on ground of Benefit of Closure u/s 73(3) of Finance Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/CESTAT-Quashes-Service-Tax-Demand-Group-Life-Insurance-Schemes-ground-Closure-Finance-Act-TAXSCAN.jpg "CESTAT Quashes Service Tax Demand on Group Life Insurance Schemes on ground of Benefit of Closure u/s 73(3) of Finance Act [Read Order]")
No Penalty Imposable u/s 78A of Finance Act when There is No Evidence Brought on Record to Establish Suppression of Fact [Read Order]
The Kolkata bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that no penalty shall be imposed under section 78A of the Finance Act,1994 when there was no evidence brought...
Appeal can be Filed after Receiving Reference Number of Penalty Order under GST Act: Kerala HC grants One Week Time [Read Order]
The Kerala High Court granted one week time as the assessee failed to file appeal. As the assessee opted to file appeal using reference number of Penalty order under Goods and Service Tax (GST) Act,...
![Appeal can be Filed after Receiving Reference Number of Penalty Order under GST Act: Kerala HC grants One Week Time [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Appeal-Reference-Number-Appeal-can-be-Filed-after-Receiving-Reference-Number-Penalty-Order-Kerala-HC-taxscan.jpg "Appeal can be Filed after Receiving Reference Number of Penalty Order under GST Act: Kerala HC grants One Week Time [Read Order]")
Delay of 277 days in filing Income tax Appeal: Kerala HC directs Income Tax Commissioner to Decide Condonation Application [Read Order]
The Kerala High Court directed the Income tax department to decide the condonation application for 277 days in filing the Income tax Appeal and the stay application. M/S Sheikh Sons, the...
![Delay of 277 days in filing Income tax Appeal: Kerala HC directs Income Tax Commissioner to Decide Condonation Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Delay-of-277-days-filing-Income-tax-Appeal-Kerala-HC-Income-Tax-Commissioner-Decide-Condonation-Application-TAXSCAN.jpg "Delay of 277 days in filing Income tax Appeal: Kerala HC directs Income Tax Commissioner to Decide Condonation Application [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 inaccurate particulars of income so as to levy of...
![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]")