![CHA cannot be Expected to Examine and Ensure Nature of Goods in Consignment: CESTAT Deletes Penalty u/s 114 Customs Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/CHA-Nature-of-Goods-Consignment-CESTAT-Penalty-Customs-Act-Taxscan.jpg "CHA cannot be Expected to Examine and Ensure Nature of Goods in Consignment: CESTAT Deletes Penalty u/s 114 Customs Act [Read Order]")
CHA cannot be Expected to Examine and Ensure Nature of Goods in Consignment: CESTAT Deletes Penalty u/s 114 Customs Act [Read Order]
The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), deleted penalty under Section 114 of the Customs Act and...
![Belated Filing of Appeal against Order of Demand of GST and Penalty: Calcutta HC allows Manual Filing [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Filing-of-Appeal-Order-Order-of-Demand-GST-Penalty-Calcutta-High-Court-Manual-Filing-Taxscan.jpg "Belated Filing of Appeal against Order of Demand of GST and Penalty: Calcutta HC allows Manual Filing [Read Order]")
![CESTAT upholds Penalty of 50 lakhs u/s 112(b)(i) on Import of Gold Bar [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/CESTAT-Penalty-Import-of-Gold-Bar-Import-Gold-Bar-Penalty-on-import-of-gold-bar-taxscan.jpg "CESTAT upholds Penalty of 50 lakhs u/s 112(b)(i) on Import of Gold Bar [Read Order]")
![“Loan Given” in Cash Exceeding Prescribed Limit does not attract Penalty u/s 271D of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Loan-Cash-Exceeding-Penalty-Income-Tax-Act-Income-Tax-Tax-ITAT-Taxscan.jpg "“Loan Given” in Cash Exceeding Prescribed Limit does not attract Penalty u/s 271D of Income Tax Act: ITAT [Read Order]")
Redemption fine of 10% and penalty of 5% of value of imported goods is appropriate for imports violating Exim Policy Provisions: CESTAT [Read Order]
The Kolkata Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), observed that redemption fine of 10% and penalty of 5% of value of imported goods is appropriate for imports...
![Redemption fine of 10% and penalty of 5% of value of imported goods is appropriate for imports violating Exim Policy Provisions: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Redemption-fine-penalty-imported-goods-Exim-Policy-CESTAT-Customs-Excise-Service-Tax-imports-fine-value-of-imported-goods-taxscan-.jpg "Redemption fine of 10% and penalty of 5% of value of imported goods is appropriate for imports violating Exim Policy Provisions: CESTAT [Read Order]")
Grave violation of Natural Justice Principles: Madras HC remands Penalty Levy for GST ITC Claim based on bogus Tax Invoices/Debit Notes [Read Order]
The Madras High Court recently quashed the impugned penalty levy in violation of natural justice principles against the Input Tax Claim of assessee, M/s Hind Aluminium Company on the basis of alleged...
![Grave violation of Natural Justice Principles: Madras HC remands Penalty Levy for GST ITC Claim based on bogus Tax Invoices/Debit Notes [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Grave-violation-Natural-Justice-Principles-Madras-HC-Penalty-Levy-for-ITC-Claim-bogus-tax-invoices-debit-notes-Taxscan.jpg "Grave violation of Natural Justice Principles: Madras HC remands Penalty Levy for GST ITC Claim based on bogus Tax Invoices/Debit Notes [Read Order]")
Union Budget 2023 on Settlement of Contractual Disputes under Vivad Se Vishwas: FM proposes to introduce Voluntary Settlement Scheme [Read Finance Bill]
In the Union Budget 2023, the Financial Minister Nirmala Sitharaman proposed to introduce a voluntary settlement scheme on the contractual disputes under Vivad Se Vishwas. It is another dispute...
Budget 2023 proposes to waive penalty u/s 269SS of IT Act on Agricultural Credit & Deposit Transactions up to Rs. 2 Lakh [Read Finance Bill]
In the Budget 2023, the Finance Minister suggested a new cash transaction cap for agricultural loans and deposits under section 269SS of the Income Tax Act, 1961. The fine was exempt up to 2 lakh...
![Finance Bill, 2023 Amends Income Tax Penalty Provisions [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2023/02/Finance-Bill-2023-Amends-Income-Tax-Penalty-Provisions-TAXSCAN.jpg "Finance Bill, 2023 Amends Income Tax Penalty Provisions [Read Finance Bill]")
Budget 2023 Imposes Penalty of Rs. 5,000 for Inaccuracy in Statement of Financial Transactions submitted by Prescribed Reporting Financial Institution [Read Finance Bill]
The Union Budget 2023 imposed penalty of Rs. 5,000 for Inaccuracy in Statement of Financial Transactions (SFT) submitted by Prescribed Reporting Financial Institution and the proposed is amendment is...
