![Penalty for Inaccurate Particular Not Imposable when Assessee Paid Tax before Issue of Reassessment notice under Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Penalty-for-Inaccurate-Particular-Not-Imposable-when-Assessee-Paid-Tax-Penalty-for-Inaccurate-Particular-Penalty-Inaccurate-Particular-Assessee-Taxscan.jpg "Penalty for Inaccurate Particular Not Imposable when Assessee Paid Tax before Issue of Reassessment notice under Income Tax Act: ITAT [Read Order]")
Penalty for Inaccurate Particular Not Imposable when Assessee Paid Tax before Issue of Reassessment notice under Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) of Jaipur bench has held that the penalty for inaccurate particular is not imposable when the assessee paid...
![Non-Compliance of Notice not Deliberate: ITAT Deletes Penalty u/s 271B [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Non-Compliance-of-Notice-not-Deliberate-Notice-ITAT-Deletes-Penalty-ITAT-Penalty-Non-Compliance-Taxscan.jpg "Non-Compliance of Notice not Deliberate: ITAT Deletes Penalty u/s 271B [Read Order]")
![ITAT deletes Addition and Penalty u/s 271(c) on Estimated Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-deletes-Addition-and-Penalty-us-271c-on-Estimated-Income-TAXSCAN.jpg "ITAT deletes Addition and Penalty u/s 271(c) on Estimated Income [Read Order]")
Penalty u/s 271 D of Income Tax Act Passed Beyond 6 Months is Barred by Limitation: ITATÂ [Read Order]
The Income Tax Appellate Tribunal (ITAT) of Delhi bench has held that penalty under Section 271 D of the Income Tax Act, 1961 passed beyond 6 months from the end of the month in which the assessment...
![Penalty u/s 271 D of Income Tax Act Passed Beyond 6 Months is Barred by Limitation: ITATÂ [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Penalty-Income-Tax-Act-Income-Tax-Income-Tax-Act-Passed-Beyond-6-Months-is-Barred-by-Limitation-ITAT-taxscan.jpg "Penalty u/s 271 D of Income Tax Act Passed Beyond 6 Months is Barred by Limitation: ITATÂ [Read Order]")
No Penalty u/s 271(1)(c) can be Imposed, Without Assistance of Assessee in Prosecuting the Levy of Penalty Proceedings: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench, has recently, in an appeal filed before it, held that no penalty under Section 271(1)(c) can be imposed, without the assistance of the assessee...
![No Penalty u/s 271(1)(c) can be Imposed, Without Assistance of Assessee in Prosecuting the Levy of Penalty Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/No-Penalty-Imposed-Assistance-of-Assessee-Assessee-Penalty-Proceedings-Proceedings-ITAT-Income-Tax-Taxscan.jpg "No Penalty u/s 271(1)(c) can be Imposed, Without Assistance of Assessee in Prosecuting the Levy of Penalty Proceedings: ITAT [Read Order]")
CHA is Processing Agent on Documents of Clearance of Goods through Customs House: CESTAT quashes Penalty on Absence of Prior Knowledge on Mis declared Goods
The New Delhi Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), quashed the penalty on absence of prior knowledge on mis declared goods and observed that a Customs House Agent...
Penalty imposed u/s 271(1)(c) shall not survive if the matter is restored to AO for passing Rectification Order: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently held that the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961 shall not survive if the matters are...
![Penalty imposed u/s 271(1)(c) shall not survive if the matter is restored to AO for passing Rectification Order: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Penalty-Penalty-imposed-AO-for-passing-Rectification-Order-passing-Rectification-Order-Rectification-Order-ITAT-Taxscan.jpg "Penalty imposed u/s 271(1)(c) shall not survive if the matter is restored to AO for passing Rectification Order: ITAT [Read Order]")
Seized Gold Bars established to be Domestically Purchased: CESTAT quashes Penalty under Customs Act [Read Order]
The Kolkata Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), quashed penalty under Sections 112(a) and (b) and 114 AA of the Customs Act, 1962 as the seized gold bars was...
![Seized Gold Bars established to be Domestically Purchased: CESTAT quashes Penalty under Customs Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Seized-Gold-Bars-Domestically-Purchased-CESTAT-Penalty-Gold-Bars-Customs-Act-taxscan.jpg "Seized Gold Bars established to be Domestically Purchased: CESTAT quashes Penalty under Customs Act [Read Order]")
No Addition on Unaccounted Income on Inclusion of Sale of Jewellery as LTCG in ROI: ITAT quashes Assessment Order and Penalty [Read Order]
The Delhi bench of Income tax appellate tribunal (ITAT) quashed the assessment order and penalty which was passed by Deputy Commissioner of Income Tax (DCIT) and held that No addition could be made...
![No Addition on Unaccounted Income on Inclusion of Sale of Jewellery as LTCG in ROI: ITAT quashes Assessment Order and Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/No-Addition-on-Unaccounted-Income-No-Addition-Unaccounted-Income-Income-Inclusion-of-Sale-of-Jewellery-LTCG-ROI-ITAT-quashes-Assessment-Order-and-Penalty-taxscan.jpg "No Addition on Unaccounted Income on Inclusion of Sale of Jewellery as LTCG in ROI: ITAT quashes Assessment Order and Penalty [Read Order]")
Compliance with Statutory Notice u/s 142(1): ITAT allows Penalty Exemption u/s 272(1) [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) recently allowed the exemption under Section 272(1) due to compliance with the statutory notice under Section 142 (1) of Income Tax Act...
![Compliance with Statutory Notice u/s 142(1): ITAT allows Penalty Exemption u/s 272(1) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Compliance-with-Statutory-Notice-Statutory-Notice-ITAT-allows-Penalty-Exemption-ITAT-Penalty-Exemption-Penalty-taxscan.jpg "Compliance with Statutory Notice u/s 142(1): ITAT allows Penalty Exemption u/s 272(1) [Read Order]")