![Failure to follow proper procedure to serving notice for assessment proceedings: ITAT deletes Penalty imposed u/s 271(1)(b) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Failure-to-follow-proper-procedure-to-serving-notice-assessment-proceedings-ITAT-deletes-penalty-Income-Tax-Act-TAXSCAN.jpg "Failure to follow proper procedure to serving notice for assessment proceedings: ITAT deletes Penalty imposed u/s 271(1)(b) of Income Tax Act [Read Order]")
Failure to follow proper procedure to serving notice for assessment proceedings: ITAT deletes Penalty imposed u/s 271(1)(b) of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench has deleted the penalty imposed under Section 271(1)(b) of the Income Tax Act, 1961 due to...
![Export Consignment of Prohibited Gutkha pouches: CESTAT upholds Penal action against Customs Broker [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Export-Consignment-Export-Consignment-of-Prohibited-Gutkha-pouches-Prohibited-Gutkha-pouches-Gutkha-pouches-CESTAT-upholds-Penal-action-CESTAT-Penal-action-Customs-Broker-taxscan.jpg "Export Consignment of Prohibited Gutkha pouches: CESTAT upholds Penal action against Customs Broker [Read Order]")
![Setting aside Penalty Order Leads to Automatic Quashing of Prosecution u/s 276C (1) of Income Tax Act: Jharkhand HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Setting-aside-Penalty-Order-Penalty-Order-Automatic-quashing-of-Prosecution-Prosecution-Income-Tax-Act-Jharkhand-High-Court-taxscan.jpg "Setting aside Penalty Order Leads to Automatic Quashing of Prosecution u/s 276C (1) of Income Tax Act: Jharkhand HC [Read Order]")
![Mere Wrong Claim by itself not Ipso Facto invite Penalty u/s 271(1)(c) of Income Tax Act if Bona Fides of Assessee’s Actions are Beyond Reasonable Doubt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Ipso-Facto-Penalty-Income-Tax-Act-Bona-Fides-of-Assessees-Actions-ITAT-taxscan.jpg "Mere Wrong Claim by itself not Ipso Facto invite Penalty u/s 271(1)(c) of Income Tax Act if Bona Fides of Assessee’s Actions are Beyond Reasonable Doubt: ITAT [Read Order]")
![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]")
Failure to comply with Import License Requirements: CESTAT upholds Redemption Fine and Penalty imposed Under Customs Act [Read Order]
The Kolkata bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT)upheld the Redemption Fine and Penalty imposed Under Customs Act,1962 on failure to comply with import license...
![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]
The Chennai bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT)upheld the demand of concession amount availed under customs notification as the assessee failed to maintain...
![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]")
Penalty u/s 271B not Leviable when Audit Completed within Reasonable Time of Appointment of Auditors by Regulatory Authority: ITAT Directs Re-Adjudication
The Raipur Bench of Income tax Appellate Tribunal (ITAT) has directed re-adjudication as penalty under Section 271B of the Income Tax Act,1961 would not be leviable when audit has been completed...
Illegal Importation of Battery and Ammonium Chloride through Mis Declaration: CESTAT upholds Penalty under Customs Act [Read Order]
In a recent case, the Kolkata bench of the Customs, Excise & Service Tax Appellate Tribunal, (CESTAT) upheld the penalty under Customs Act, 1962 on the illegal importation of battery and ammonium...
![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]")