![Penalty on Co-Noticee u/s 112(a) of Customs Act Set Aside by CESTAT: Mere Classification Dispute Not Grounds for Confiscation [Read Order]](https://images.taxscan.in/h-upload/2025/10/31/2101252-cestat-mumbai-penalty-on-co-noticee-customs-act-taxscan.webp "Penalty on Co-Noticee u/s 112(a) of Customs Act Set Aside by CESTAT: Mere Classification Dispute Not Grounds for Confiscation [Read Order]")
Penalty on Co-Noticee u/s 112(a) of Customs Act Set Aside by CESTAT: Mere Classification Dispute Not Grounds for Confiscation [Read Order]
The Mumbai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) set aside a penalty of ₹1 lakh imposed on appellant under...
![AO fails to Specify Sub-Clause u/s 270A(9): ITAT deletes Penalty for Under-Reporting [Read Order]](https://images.taxscan.in/h-upload/2025/10/28/2100468-ao-sub-clause-us-270a9-itat-penalty-under-reporting-taxscan.webp "AO fails to Specify Sub-Clause u/s 270A(9): ITAT deletes Penalty for Under-Reporting [Read Order]")
![Confiscation of 699.310 Grams of Gold Valued at Rs. 27.90 Lakh: Gauhati HC Rules Customs Appeal Not Maintainable as Value Below Rs. 1 Crore [Read Order]](https://images.taxscan.in/h-upload/2025/10/25/2099725-gold-confiscated-taxscan.webp "Confiscation of 699.310 Grams of Gold Valued at Rs. 27.90 Lakh: Gauhati HC Rules Customs Appeal Not Maintainable as Value Below Rs. 1 Crore [Read Order]")
![Challenge on Supply of Reagent with equipment is ‘Composite Supply’ or ‘Mixed Supply’: Delhi HC Leaves Issue to Appellate Authority [Read Order]](https://images.taxscan.in/h-upload/2025/10/13/2096158-mixed-supply-composite-supply-taxscan.webp "Challenge on Supply of Reagent with equipment is ‘Composite Supply’ or ‘Mixed Supply’: Delhi HC Leaves Issue to Appellate Authority [Read Order]")
![Income Tax Commissioner adjudicates Penalty Order instead of Re-assessment Order: ITAT Remands Sale Consideration Challenge for Reconsideration [Read Order]](https://images.taxscan.in/h-upload/2025/10/10/2095389-penalty-order-taxscan.webp "Income Tax Commissioner adjudicates Penalty Order instead of Re-assessment Order: ITAT Remands Sale Consideration Challenge for Reconsideration [Read Order]")
Lack of Due Diligence in Valuation of Rs. 1000 Crore Assets: IBBI Suspends Valuer's Registration for 2 Years [Read Order]
The Insolvency and Bankruptcy Board of India (IBBI) has suspended the registration of a Registered Valuer for a period of two years for lack of due diligence in the valuation of assets worth Rs....
![Lack of Due Diligence in Valuation of Rs. 1000 Crore Assets: IBBI Suspends Valuers Registration for 2 Years [Read Order]](https://images.taxscan.in/h-upload/2025/10/09/2095164-ibbi-registration-of-suspended-registered-valuer-entity-stay-order-bombay-high-court-taxscan.webp "Lack of Due Diligence in Valuation of Rs. 1000 Crore Assets: IBBI Suspends Valuers Registration for 2 Years [Read Order]")
Re-Export of Misclassified Textile Fabric: Madras HC Allows Importer to Ship Back Goods to China on Conditions [Read Order]
The Madras High Court has permitted a Mumbai-based importer to re-export 798 bales of textile fabric coated with plastics to its Chinese supplier, subject to strict conditions. The petitioner,...
![Re-Export of Misclassified Textile Fabric: Madras HC Allows Importer to Ship Back Goods to China on Conditions [Read Order]](https://images.taxscan.in/h-upload/2025/10/08/2094817-madras-nc-taxscan-.webp "Re-Export of Misclassified Textile Fabric: Madras HC Allows Importer to Ship Back Goods to China on Conditions [Read Order]")
Penalty Paid to Third Parties for Breach of Contract Not Hit by Explanation u/s 37(1): ITAT Deletes ₹34.71 Lakh Disallowance [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal (ITAT) held that the penalty paid to third parties for breach of contract does not come under the explanation of Sec 37(1). ITAT deleted the...
![Penalty Paid to Third Parties for Breach of Contract Not Hit by Explanation u/s 37(1): ITAT Deletes ₹34.71 Lakh Disallowance [Read Order]](https://images.taxscan.in/h-upload/2025/10/01/2093008-2061821-penalty-hc-taxscan.webp "Penalty Paid to Third Parties for Breach of Contract Not Hit by Explanation u/s 37(1): ITAT Deletes ₹34.71 Lakh Disallowance [Read Order]")
AO Erred in Disallowing ₹1.89 Cr Penalty & Other Expenses: ITAT remands ₹73.26 Lakh UIL Penny-Stock Loss for Fresh Examination [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal ( ITAT ) held that the AO erred in disallowing ₹1.89 Cr penalty and other expenses. The bench remanded ₹73.26 Lakh UIL penny-stock loss for fresh...
![AO Erred in Disallowing ₹1.89 Cr Penalty & Other Expenses: ITAT remands ₹73.26 Lakh UIL Penny-Stock Loss for Fresh Examination [Read Order]](https://images.taxscan.in/h-upload/2025/10/01/2093002-ao-penalty-itat-uil-penny-stock-taxscan.webp "AO Erred in Disallowing ₹1.89 Cr Penalty & Other Expenses: ITAT remands ₹73.26 Lakh UIL Penny-Stock Loss for Fresh Examination [Read Order]")
Delhi HC upholds ITAT order Invalidating Penalty Imposed u/s 271 citing Absence of Valid Notice [Read Order]
In a recent case, the Delhi High Court upheld the Income Tax Appellate Tribunal ( ITAT ) order invalidating the penalty imposed under Section 271 of the Income Tax Act, 1961, citing the absence of...
![Delhi HC upholds ITAT order Invalidating Penalty Imposed u/s 271 citing Absence of Valid Notice [Read Order]](https://images.taxscan.in/h-upload/2025/09/30/2092741-delhi-hc-upholds-itat-order-penalty-taxscan.webp "Delhi HC upholds ITAT order Invalidating Penalty Imposed u/s 271 citing Absence of Valid Notice [Read Order]")
Confiscation of 22,120 Kgs of Smuggled Black Pepper Upheld: CESTAT Reduces Penalty under Customs Law [Read Order]
The bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Kolkata, has upheld the confiscation of 22,120 kilograms of smuggled black pepper of foreign origin while reducing the...
![Confiscation of 22,120 Kgs of Smuggled Black Pepper Upheld: CESTAT Reduces Penalty under Customs Law [Read Order]](https://images.taxscan.in/h-upload/2025/09/29/2092353-cestat-kolkata-black-pepper-taxscan.webp "Confiscation of 22,120 Kgs of Smuggled Black Pepper Upheld: CESTAT Reduces Penalty under Customs Law [Read Order]")
Penalty Quantum u/s 114A for Misdeclared Fabric Consignment: CESTAT directs Reassessment in Customs Duty Dispute [Read Order]
The bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chennai, remanded a dispute concerning penalty quantum under the Customs Act, 1962. The Tribunal held that the...
![Penalty Quantum u/s 114A for Misdeclared Fabric Consignment: CESTAT directs Reassessment in Customs Duty Dispute [Read Order]](https://images.taxscan.in/h-upload/2025/09/29/2092329-customs-duty.webp "Penalty Quantum u/s 114A for Misdeclared Fabric Consignment: CESTAT directs Reassessment in Customs Duty Dispute [Read Order]")