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![Income Tax: Wrong Claim of Depreciation Does not Attract Penalty, Rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Income-Tax-Wrong-Claim-Claim-of-Depreciation-Wrong-Claim-of-Depreciation-Penalty-Rules-ITAT-Taxscan.jpg "Income Tax: Wrong Claim of Depreciation Does not Attract Penalty, Rules ITAT [Read Order]")
Income Tax: Wrong Claim of Depreciation Does not Attract Penalty, Rules ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Chandigarh Bench, has recently, in an appeal filed before it, held that a wrong claim of depreciation...
![Income Tax Penalty can’t be Levied Even If Audit Carried Out After Receipt of Re-Assessment Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Income-Tax-Penalty-Audit-Re-Assessment-Notice-TAXSCAN.jpg "Income Tax Penalty can’t be Levied Even If Audit Carried Out After Receipt of Re-Assessment Notice [Read Order]")
![Income Tax Penalty cannot be Levied If Tax Audit was not done for a Reasonable Cause but Filed before Completion of Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Income-Tax-Penalty-Tax-Audit-Reasonable-Cause-Assessment-TAXSCAN.jpg "Income Tax Penalty cannot be Levied If Tax Audit was not done for a Reasonable Cause but Filed before Completion of Assessment [Read Order]")
![No Penalty to be Levied u/s 271(1)(b) for non-compliance of Section 142(1) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/No-Penalty-Penalty-Income-Tax-Act-ITAT-Income-Tax-tax-taxscan.jpg "No Penalty to be Levied u/s 271(1)(b) for non-compliance of Section 142(1) of Income Tax Act: ITAT [Read Order]")
![Disciplinary Proceedings cant be Initiated Merely on Suspicion: Allahabad HC quashes Proceedings against VAT Commissioner [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Disciplinary-Proceedings-Allahabad-HC-VAT-Commissioner-TAXSCAN.jpg "Disciplinary Proceedings cant be Initiated Merely on Suspicion: Allahabad HC quashes Proceedings against VAT Commissioner [Read Order]")
![ITAT deletes Penalty as Quantum Addition does not Attain Finality [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/ITAT-Penalty-Addition-Attain-Finality-TAXSCAN.jpg "ITAT deletes Penalty as Quantum Addition does not Attain Finality [Read Order]")
Import of restricted Goods in violation of ITC(HS) Import Policy and Non-Declaration of Correct Value: CESTAT confirms Penalty [Read Order]
The New Delhi Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), confirmed penalty on the ground that there was import of restricted goods in violation of ITC(HS) Import Policy...
![Import of restricted Goods in violation of ITC(HS) Import Policy and Non-Declaration of Correct Value: CESTAT confirms Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Import-of-restricted-Goods-ITC-CESTAT-Penalty-TAXSCAN.jpg "Import of restricted Goods in violation of ITC(HS) Import Policy and Non-Declaration of Correct Value: CESTAT confirms Penalty [Read Order]")
![Madras HC orders to release Vehicle Detained u/s 129 of GST on Payment of Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Madras-HC-GST-Payment-Penalty-TAXSCAN.jpg "Madras HC orders to release Vehicle Detained u/s 129 of GST on Payment of Penalty [Read Order]")
![CESTAT quashes Penalty under Customs Act on absence of Independent Corroborative Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/CESTAT-Penalty-Customs-Act-Independent-Corroborative-Evidence-Corroborative-Evidence-Customs-Excise-Service-Tax-taxscan.jpg "CESTAT quashes Penalty under Customs Act on absence of Independent Corroborative Evidence [Read Order]")
![No Penalty If Income Already Offered to Tax by Different Entity: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Penalty-Income-Tax-by-Different-Entity-ITAT-TAXSCAN.jpg "No Penalty If Income Already Offered to Tax by Different Entity: ITAT [Read Order]")
![VAT: No Penalty If Attempt to Evade Tax Not Proved: Punjab & Haryana HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/VAT-Penalty-Evade-Tax-Tax-Punjab-and-Haryana-High-Court-taxscan.jpg "VAT: No Penalty If Attempt to Evade Tax Not Proved: Punjab & Haryana HC [Read Order]")
![Relief to PWC: ITAT direct Re-Adjudication on Income Tax Penalty Cases [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/PwC-ITAT-Re-Adjudication-Income-Tax-Penalty-TAXSCAN.jpg "Relief to PWC: ITAT direct Re-Adjudication on Income Tax Penalty Cases [Read Order]")