![CESTAT Reduces Penalty Imposed for Attempt to Export Red Sander Wood in Form of Pillar Tops on ground of Contravention of provisions of Customs Act and Foreign Trade Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/CESTAT-Penalty-Attempt-Export-Red-Sander-Wood-Pillar-Tops-provisions-taxscan.jpg "CESTAT Reduces Penalty Imposed for Attempt to Export Red Sander Wood in Form of Pillar Tops on ground of Contravention of provisions of Customs Act and Foreign Trade Act [Read Order]")
CESTAT Reduces Penalty Imposed for Attempt to Export Red Sander Wood in Form of Pillar Tops on ground of Contravention of provisions of Customs Act and Foreign Trade Act [Read Order]
The Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) reduced the penalty imposed for the attempt to export red sander...
![CESTAT Upholds Deletion of Penalty Imposed for Non-payment of Service Tax for Installation Commissioning Services on ground of Limitation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/CESTAT-Upholds-Deletion-of-Penalty-CESTAT-Penalty-Non-payment-of-Service-Tax-Non-payment-Service-Tax-Installation-Commissioning-Services-Installation-taxscan.jpg "CESTAT Upholds Deletion of Penalty Imposed for Non-payment of Service Tax for Installation Commissioning Services on ground of Limitation [Read Order]")
![Earphones Other than the parts of Cellular Mobile Phones Attracts only Basic Custom Duty of 10% under Exemption Notification: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Earphones-Earphones-Other-than-the-parts-of-Cellular-Mobile-Phones-parts-of-Cellular-Mobile-Phones-Cellular-Mobile-Phones-Mobile-Phones-Custom-Duty-Exemption-Notification-Notification-CESTAT-Taxscan.jpg "Earphones Other than the parts of Cellular Mobile Phones Attracts only Basic Custom Duty of 10% under Exemption Notification: CESTAT [Read Order]")
![Demand of Customs Duty confirmed without giving opportunity to Cross-Examine Key Witness to Assessee: CESTAT Allows Re-Hearing [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Demand-of-Customs-Duty-Demand-of-Customs-Duty-Confirmed-without-Giving-Opportunity-to-Cross-Examine-Assessee-CESTAT-Allows-Re-Hearing-CESTAT-Taxscan.jpg "Demand of Customs Duty confirmed without giving opportunity to Cross-Examine Key Witness to Assessee: CESTAT Allows Re-Hearing [Read Order]")
![CESTAT upholds Penalty imposed for Confiscation of Goods on ground of passing of CENVAT credit of Custom Duty through Fake Invoices [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/CESTAT-CESTAT-Upholds-Penalty-Penalty-Penalty-Imposed-for-Confiscation-Confiscation-Confiscation-of-Goods-Goods-CENAVT-taxscan.jpg "CESTAT upholds Penalty imposed for Confiscation of Goods on ground of passing of CENVAT credit of Custom Duty through Fake Invoices [Read Order]")
Inadvertent Error in statement during Hearing cannot be Reason for Levy of penalty u/s 272(1)(c) of Income Tax Act: ITAT quashes Penalty against Kotak Mahindra Bank [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) quashed penalty on the grounds that an inadvertent error in statement made by the assessee during Hearing cannot be Reason for Levy of penalty...
![Inadvertent Error in statement during Hearing cannot be Reason for Levy of penalty u/s 272(1)(c) of Income Tax Act: ITAT quashes Penalty against Kotak Mahindra Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Inadvertent-Error-in-statement-during-Hearing-cannot-be-Reason-for-Levy-of-penalty-Income-Tax-Act-ITAT-quashes-Penalty-against-Kotak-Mahindra-Bank-TAXSCAN.jpg "Inadvertent Error in statement during Hearing cannot be Reason for Levy of penalty u/s 272(1)(c) of Income Tax Act: ITAT quashes Penalty against Kotak Mahindra Bank [Read Order]")
AO Fails to Clarify Concealment of Particulars of Income or Furnished Inaccurate Particulars: Delhi HC quashes 300% Penalty [Read Order]
The Delhi High Court quashed the 300% penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961 on grounds that the Assessing Officer (AO) failed to clarify the concealment of particulars...
![AO Fails to Clarify Concealment of Particulars of Income or Furnished Inaccurate Particulars: Delhi HC quashes 300% Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/AO-Fails-to-Clarify-Concealment-of-Particulars-of-Income-Delhi-Highcourt-quashes-300-Penalty-Penalty-Concealment-of-Particulars-of-Income-Delhi-Highcourt-taxscan.jpg "AO Fails to Clarify Concealment of Particulars of Income or Furnished Inaccurate Particulars: Delhi HC quashes 300% Penalty [Read Order]")
Bonafide Impression that Predecessor Already Submitted AIR Not A "Reasonable Cause" for Delay of 526 Days: Kerala HC Upholds Penalty u/s 271FA of IT Act [Read Order]
In a recent Judgement, the Kerala High Court upheld the penalty imposed under section 271A of the Income Tax Act,1961 for non-filing of an Annual Information Return (AIR) by the sub-registrar on the...
![Bonafide Impression that Predecessor Already Submitted AIR Not A Reasonable Cause for Delay of 526 Days: Kerala HC Upholds Penalty u/s 271FA of IT Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Bonafide-Impression-that-Predecessor-Already-Submitted-AIR-Reasonable-Cause-v-Kerala-HC-Upholds-Penalty-of-IT-Act-TAXSCAN.jpg "Bonafide Impression that Predecessor Already Submitted AIR Not A Reasonable Cause for Delay of 526 Days: Kerala HC Upholds Penalty u/s 271FA of IT Act [Read Order]")
![Penalty u/s 112 leviable when Goods are Misdeclared: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Penalty-leviable-when-Goods-are-Misdeclared-CESTAT-TAXSCAN.jpg "Penalty u/s 112 leviable when Goods are Misdeclared: CESTAT [Read Order]")
No Variation in Returned Income and Assessable Income: Penalty u/s 271(1)(c) of Income Tax Act Not Leviable, rules ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Pune Bench ruled that no penalty shall be levied when no variation is found in returned income and assessable income. Meera Anirudha Mirgunde, the taxpayer...
![No Variation in Returned Income and Assessable Income: Penalty u/s 271(1)(c) of Income Tax Act Not Leviable, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Variation-in-Returned-Income-and-Assessable-Income-Returned-Income-Assessable-Income-Income-Tax-ITAT-Taxscan.jpg "No Variation in Returned Income and Assessable Income: Penalty u/s 271(1)(c) of Income Tax Act Not Leviable, rules ITAT [Read Order]")
Penalty Imposed u/s 112(b) of Customs Act on Seized Goods without Recording Statement of Assessee: CESTAT Quashes Penalty
The Ahmedabad bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) quashed the penalty imposed under section 112(b) of the Customs Act, 1962 on seized goods without recording the...
CESTAT Upholds Deletion of Penalty Imposed u/s 112a of Customs Act on ground of Wrong Assumption of Confiscation of Imported Goods [Read Order]
The Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) upheld the deletion of the penalty imposed under section 112A of the Customs Act, 1962. Kaveri Silks...
![CESTAT Upholds Deletion of Penalty Imposed u/s 112a of Customs Act on ground of Wrong Assumption of Confiscation of Imported Goods [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/CESTAT-Upholds-Deletion-of-Penalty-Imposed-Customs-Act-on-ground-of-Wrong-Assumption-of-Confiscation-of-Imported-Goods-TAXSCAN.jpg "CESTAT Upholds Deletion of Penalty Imposed u/s 112a of Customs Act on ground of Wrong Assumption of Confiscation of Imported Goods [Read Order]")