![Bonafide Non-Payment of Service Tax does not attract Penalty u/s 73(1): CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Bonafide-Non-Payment-Service-Tax-Penalty-CESTAT-taxscan.jpg "Bonafide Non-Payment of Service Tax does not attract Penalty u/s 73(1): CESTAT [Read Order]")
Bonafide Non-Payment of Service Tax does not attract Penalty u/s 73(1): CESTAT [Read Order]
The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), New Delhi, has recently, in an appeal filed before it, held that bonafide...
![Intentional Violation of Regulation 12: CESTAT upholds Cancellation of License and Imposition of Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/CESTAT-License-Penalty-taxscan.jpg "Intentional Violation of Regulation 12: CESTAT upholds Cancellation of License and Imposition of Penalty [Read Order]")
![No Objection on Disallowance under section 14A: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Objection-Disallowance-ITAT-Penalty-TAXSCAN.jpg "No Objection on Disallowance under section 14A: ITAT deletes Penalty [Read Order]")
![Providing Blank LR books establishes the abatement in passing of Fraudulent Cenvat Credit: CESTAT upholds Penalty under Rule 26 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Providing-Blank-LR-books-establishes-Fraudulent-Cenvat-Credit-CESTAT-Penalty-TAXSCAN-.jpg "Providing Blank LR books establishes the abatement in passing of Fraudulent Cenvat Credit: CESTAT upholds Penalty under Rule 26 [Read Order]")
![GST Demand Penalty cannot be based on Presumption: Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/GST-Penalty-Presumption-Allahabad-HC-TAXSCAN.jpg "GST Demand Penalty cannot be based on Presumption: Allahabad HC [Read Order]")
IBBI imposes Penalty of Rs. 5 Lakhs on RP for Professional Misconduct of Non-mentioning of Clearing of Pre-CIRP dues to CoC [Read Order]
Disciplinary Committee of the Insolvency and Bankruptcy Board of India (IBBI) comprising Whole Time Member Sudhaker Shukla has recently imposed a monetary penalty on Insolvency/Resolution...
![IBBI imposes Penalty of Rs. 5 Lakhs on RP for Professional Misconduct of Non-mentioning of Clearing of Pre-CIRP dues to CoC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/IBBI-Penalty-RP-Professional-Misconduct-Pre-CIRP-CoC-taxscan.jpg "IBBI imposes Penalty of Rs. 5 Lakhs on RP for Professional Misconduct of Non-mentioning of Clearing of Pre-CIRP dues to CoC [Read Order]")
Delay in Appointment of Auditor and Finalization of Annual Accounts, not valid ground for imposing Penalty: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), held that Delay in appointment of Auditor and finalization of annual accounts are not valid ground for imposing penalty. The assessee, M/s. Madhya...
![Delay in Appointment of Auditor and Finalization of Annual Accounts, not valid ground for imposing Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Delay-Appointment-Auditor-Finalization-Annual-Accounts-Penalty-ITAT-TAXSCAN.jpg "Delay in Appointment of Auditor and Finalization of Annual Accounts, not valid ground for imposing Penalty: ITAT [Read Order]")
![No Violation of Section111 of Customs Act: CESTAT deletes Penalty of 40 Lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Customs-Act-CESTAT-Penalty-taxscan.jpg "No Violation of Section111 of Customs Act: CESTAT deletes Penalty of 40 Lakhs [Read Order]")
Foundation for Levy of Penalty is on Addition made of Concealment of Income, No Penalty u/s 271(1)(c) imposable in the Absence of Addition: ITAT [Read Order]
Foundation for levy of penalty is on addition made of concealment of income, the Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has held that no penalty u/s 271(1)(c) of the Income Tax...
![Foundation for Levy of Penalty is on Addition made of Concealment of Income, No Penalty u/s 271(1)(c) imposable in the Absence of Addition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Penalty-Addition-Concealment-Income-Penalty-ITAT-TAXSCAN.jpg "Foundation for Levy of Penalty is on Addition made of Concealment of Income, No Penalty u/s 271(1)(c) imposable in the Absence of Addition: ITAT [Read Order]")
Interpretation issue on Removal of Capital Goods not amounts to suppression of fact, not liable for Penalty u/s 15(2) r/w S.11AC: CESTAT [Read Order]
While considering a bunch of appeals, the Delhi bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that the Interpretation issue on the removal of capital goods not...
![Interpretation issue on Removal of Capital Goods not amounts to suppression of fact, not liable for Penalty u/s 15(2) r/w S.11AC: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Capital-Goods-Penalty-CESTAT-taxscan.jpg "Interpretation issue on Removal of Capital Goods not amounts to suppression of fact, not liable for Penalty u/s 15(2) r/w S.11AC: CESTAT [Read Order]")
IBBI to Impose Penalty on Insolvency Professional Agency for Defaults, Mandates Annual Compliance Certificate [Read Notification]
The Insolvency and Bankruptcy Board of India (IBBI) has issued the IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Second Amendment) Regulations, 2022 mandating the...
![IBBI to Impose Penalty on Insolvency Professional Agency for Defaults, Mandates Annual Compliance Certificate [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/11/IBBI-Penalty-Insolvency-Professional-Agency-Annual-Compliance-Certificate-taxscan.jpg "IBBI to Impose Penalty on Insolvency Professional Agency for Defaults, Mandates Annual Compliance Certificate [Read Notification]")
Non Participation in Income Tax Assessment Proceedings Due to Disputes Between Partners: ITAT deletes Penalty u/s 271(1)(b) [Read Order]
The Income Tax Appellate Tribunal (ITAT), Rajkot Bench, has recently, in an appeal filed before it, held that when non- participation of the firm in the assessment proceedings is due to dispute...
![Non Participation in Income Tax Assessment Proceedings Due to Disputes Between Partners: ITAT deletes Penalty u/s 271(1)(b) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Assessment-Disputes-Partners-ITAT-Penalty-taxscan.jpg "Non Participation in Income Tax Assessment Proceedings Due to Disputes Between Partners: ITAT deletes Penalty u/s 271(1)(b) [Read Order]")