![No penalty under Central Excise Rule 26 if no Malafide Intention to Evade Duty: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/No-penalty-under-Central-Excise-Rule-Malafide-Intention-Evade-Duty-CESTAT-taxscan.jpg "No penalty under Central Excise Rule 26 if no Malafide Intention to Evade Duty: CESTAT [Read Order]")
No penalty under Central Excise Rule 26 if no Malafide Intention to Evade Duty: CESTAT [Read Order]
The Ahmedabad bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) held that penalty under Central Excise Rule 26 in absence of...
![Failure to comply with Import License Requirements: CESTAT upholds Redemption Fine and Penalty imposed Under Customs Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Failure-to-comply-with-Import-License-Requirements-CESTAT-upholds-Redemption-Fine-and-Penalty-imposed-Under-Customs-Act-TAXSCAN.jpg "Failure to comply with Import License Requirements: CESTAT upholds Redemption Fine and Penalty imposed Under Customs Act [Read Order]")
![Failure to maintain Proper Records of Import under Customs Rules: CESTAT upholds Demand of Concession Amount Availed Under Customs Notification [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Failure-maintain-Proper-Records-Import-Customs-Rules-CESTAT-Demand-Concession-Amount-Customs-Notification-TAXSCAN.jpg "Failure to maintain Proper Records of Import under Customs Rules: CESTAT upholds Demand of Concession Amount Availed Under Customs Notification [Read Order]")
![Illegal Importation of Battery and Ammonium Chloride through Mis Declaration: CESTAT upholds Penalty under Customs Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Illegal-Importation-of-Battery-Ammonium-Chloride-through-Mis-Declaration-CESTAT-upholds-Penalty-Ammonium-Chloride-Customs-Act-taxscan.jpg "Illegal Importation of Battery and Ammonium Chloride through Mis Declaration: CESTAT upholds Penalty under Customs Act [Read Order]")
Mens Rea is Necessary Ingredient for Imposing Penalty under Rule 25 of Central Excise Rules: CESTAT [Read Order]
The Chandigarh Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), observed that mens rea is necessary ingredient for imposing penalty under Rule 25 of the Central Excise Rules,...
![Mens Rea is Necessary Ingredient for Imposing Penalty under Rule 25 of Central Excise Rules: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Mens-Rea-Mens-Rea-is-Necessary-Ingredient-Necessary-Ingredient-Imposing-Penalty-Central-Excise-Rules-CESTAT-taxscan.jpg "Mens Rea is Necessary Ingredient for Imposing Penalty under Rule 25 of Central Excise Rules: CESTAT [Read Order]")
No Penalty u/s 271(1)(c) Income Tax Act shall levied if Bonafide Assessee revised and added Interest Income: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench held that the penalty under Section 271(1)(c) of the Income Tax Act should not be levied if the assessee bonafide revised and added the interest...
![No Penalty u/s 271(1)(c) Income Tax Act shall levied if Bonafide Assessee revised and added Interest Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/No-Penalty-Income-Tax-Act-levied-bonafide-assessee-Interest-Income-ITAT-TAXSCAN.jpg "No Penalty u/s 271(1)(c) Income Tax Act shall levied if Bonafide Assessee revised and added Interest Income: ITAT [Read Order]")
Penalty under Customs Act not Imposable when Fabricated DEPB Scrip Purchased on Bonafide Belief: CESTAT [Read Order]
The Ahmedabad bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that penalty under Customs Act,1962 is not imposable when fabricated DEPBS scrip purchased on...
![Penalty under Customs Act not Imposable when Fabricated DEPB Scrip Purchased on Bonafide Belief: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Penalty-under-Customs-Act-Penalty-Customs-Act-Fabricated-DEPB-Scrip-DEPB-Scrip-Fabricated-Bonafide-Belief-CESTAT-taxscan.jpg "Penalty under Customs Act not Imposable when Fabricated DEPB Scrip Purchased on Bonafide Belief: CESTAT [Read Order]")
Exact Description and Quantity of Imported Old Used Worn Clothes Not Determined: CESTAT Confirms Penalty and Redemption Fine [Read Order]
The Kolkata bench of the Customs Excise & service tax appellate tribunal(CESTAT) confirmed the penalty and redemption fine as the exact description and quantity of imported old used worn clothes...
![Exact Description and Quantity of Imported Old Used Worn Clothes Not Determined: CESTAT Confirms Penalty and Redemption Fine [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Exact-Quantity-Imported-Old-Used-Worn-Clothes-Determined-CESTAT-Confirms-Penalty-Redemption-Fine-TAXSCAN.jpg "Exact Description and Quantity of Imported Old Used Worn Clothes Not Determined: CESTAT Confirms Penalty and Redemption Fine [Read Order]")
Exemption from Excise Duty allowable on compliance with Requirements under Excise Notification: CESTAT [Read Order]
The Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal(CESTAT) has held that exemption from excise duty allowable as assesee complied with requirements under Excise...
![Exemption from Excise Duty allowable on compliance with Requirements under Excise Notification: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Exemption-Excise-Duty-Requirements-Excise-Notification-CESTAT-TAXSCAN.jpeg "Exemption from Excise Duty allowable on compliance with Requirements under Excise Notification: CESTAT [Read Order]")
Person failing to furnish Return of Income is deemed to have concealed particulars of his income: ITAT upholds Penalty [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that if a person fails to furnish return of income then the assessee is deemed to have concealed the particulars of his income. ...
![Person failing to furnish Return of Income is deemed to have concealed particulars of his income: ITAT upholds Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Person-failing-to-furnish-return-of-income-return-of-income-income-ITAT-ITAT-upholds-penalty-taxscan.jpg "Person failing to furnish Return of Income is deemed to have concealed particulars of his income: ITAT upholds Penalty [Read Order]")
Interest on Delayed Payment for Supply of Services Included in Value of Supply & Liable to GST: AAR [Read Order]
The West Bengal Authority for Advance Ruling (AAR) has held that interest on delayed payment for supply of services shall be included in the value of Supply making it liable to Goods and Services Tax...
![Interest on Delayed Payment for Supply of Services Included in Value of Supply & Liable to GST: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Interest-Payment-Supply-Services-Included-in-Value-Supply-Liable-to-GST-AAR-TAXSCAN.jpg "Interest on Delayed Payment for Supply of Services Included in Value of Supply & Liable to GST: AAR [Read Order]")