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Kerala HC directs to Correct Mistake in Interim Stay Order passed with Direction to remit 20% of Tax [Read Order]

In a recent judgement, the Kerala High Court (HC) directed to correct the interim stay order passed with the mistake of the direction to remit 20% of...

Single Consignment Goods Cannot be held Stored and in Transit simultaneously; E-Way Bill lacks...

Penalty u/s 11AC not valid in absence of Suppression of fact to evade Duty: CESTAT [Read Order]

No Service Tax on Advertisement Service of Print-Media: CESTAT [Read Order]

Travelling without proper E-Way Bill attracts Penalty: Calcutta HC [Read Order]

Penalty u/s 271F cannot be Levied If there is “Reasonable Cause”: ITAT [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Jaipur Bench, has recently, in an appeal filed before it, held that penalty u/s 271F cannot be levied, if there is “reasonable cause”. The aforesaid...

Penalty u/s 271B of Income Tax Act cannot be Imposed for Not Getting Books of Accounts Audited for Violation of S. 44AB: ITAT [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Jaipur Bench, has recently, in an appeal filed before it, held that penalty u/s 271B of Income Tax Act cannot be imposed for not getting books of accounts...

Notice Issued u/s 271(1)(c) of Income Tax Act is Omnibus: ITAT deletes Penalty Proceedings [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Delhi Bench, has recently, in an appeal filed before it, deleted the penalty proceedings, on finding that the notice issued u/s 271(1)(c) of Income Tax Act...

Suo Motu Revisional Proceeding has to be concluded not beyond five years from Original Order of Assessment: Orissa HC [Read Order]

The Orissa High Court (HC) has held that the suo motu revisional proceeding must be concluded not beyond five years from the original order of assessment. The original assessment of Orissa State...

Non-submission of Books of Account before Assessing Authority: ITAT Upholds Penalty u/s 271A of Income Tax Act [Read Order]

The Amritsar Bench of Income Tax Appellate Tribunal (ITAT) has upheld the penalty under Section 271A of the Income Tax Act 1961 as the assessee had failed to submit books of account before assessing...

Penalty u/s 77 and 78 cannot be imposed in absence of Evidence of Suppression of fact to Evade Payment of Tax: CESTAT [Read Order]

The Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) of Chennai Bench has held that penalty under sections 77 and 78 of the Finance Act, 1994 cannot be imposed in absence of...

Penalty u/s 114 AA and 112 (a) of Customs Act can't be invoked based on Contradictory Statements: CESTAT [Read Order]

The Customs, Excise & Service Tax Appellate Tribunal (CESTAT) of Ahmedabad bench has held that the penalty under section 114 AA and 112 (a) of Customs Act, 1962 can't be invoked based on...

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