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![No Payment made above Purchase Price of Asset: ITAT deletes Penalty u/s 271(1)(c) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/payment-purchase-price-of-asset-ITAT-Penalty-taxscan.jpg "No Payment made above Purchase Price of Asset: ITAT deletes Penalty u/s 271(1)(c) [Read Order]")
No Payment made above Purchase Price of Asset: ITAT deletes Penalty u/s 271(1)(c) [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad set aside penalty imposed under Section 271(1)(c) of the Income Tax Act,1961 as there was no...
![Delay in Transferring CSR Fund to PM Fund: MCA imposes Penalty on Comviva Technologies Ltd [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/CSR-Fund-PM-Fund-MCA-Penalty-Comviva-Technologies-Ltd-taxscan.jpeg "Delay in Transferring CSR Fund to PM Fund: MCA imposes Penalty on Comviva Technologies Ltd [Read Order]")
![Penalty u/s 77 sustained when Assessee failed to Register and File ST-3 Returns within prescribed time: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Penalty-assessee-CESTAT-taxscan.jpg "Penalty u/s 77 sustained when Assessee failed to Register and File ST-3 Returns within prescribed time: CESTAT [Read Order]")
![Penalty u/s 112(b) not sustained in Absence of Possession of Smuggled Gold bars by Assessee: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Penalty-absence-smuggled-assessee-CESTAT-TAXSCAN.jpg "Penalty u/s 112(b) not sustained in Absence of Possession of Smuggled Gold bars by Assessee: CESTAT [Read Order]")
![Excise Duty not demandable on broken Bottles of Beverages: CESTAT allows Pepsicos appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Excise-duty-demandable-beverages-CESTAT-Pepsicos-appeal-TAXSCAN.jpg "Excise Duty not demandable on broken Bottles of Beverages: CESTAT allows Pepsicos appeal [Read Order]")
![Penalty u/s 271(1)(c) not leviable on Bonafide Mistake: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Penalty-ITAT-taxscan.jpg "Penalty u/s 271(1)(c) not leviable on Bonafide Mistake: ITAT [Read Order]")
Once Income Declared and Income Tax Return Filed, Penalty u/s 271 (1) (C) not to be Later Levied: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Pune Bench, has recently, in an appeal preferred before it by the revenue, held that once the income is declared and the return is filed, later, the...
![Once Income Declared and Income Tax Return Filed, Penalty u/s 271 (1) (C) not to be Later Levied: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Income-Return-Penalty-ITAT.jpg "Once Income Declared and Income Tax Return Filed, Penalty u/s 271 (1) (C) not to be Later Levied: ITAT [Read Order]")
Penalty u/s 271(1)(c) not sustainable in the absence of Concealment or Furnishing of inaccurate particulars of Income: ITAT [Read Order]
Penalty u/s 271(1)(c) of the Income Tax Act,1961 is not sustainable in the absence of concealment or furnishing of inaccurate particulars of income, the Chennai bench of the Income Tax...
![Penalty u/s 271(1)(c) not sustainable in the absence of Concealment or Furnishing of inaccurate particulars of Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Penalty-concealment-income-ITAT-taxscan.jpeg "Penalty u/s 271(1)(c) not sustainable in the absence of Concealment or Furnishing of inaccurate particulars of Income: ITAT [Read Order]")
![Penalty u/s 271 (1) (c)cannot be imposed for Unsustainable Claims: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Penalty-imposed-unsustainable-claims-ITAT-TAXSCAN.jpeg "Penalty u/s 271 (1) (c)cannot be imposed for Unsustainable Claims: ITAT [Read Order]")
Authority cannot Mechanically impose Penalty for Short Levy or Non-Levy of Duty u/s 11AC of Central Excise Act: CESTAT [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Kolkata Bench authority cannot mechanically impose penalty for short levy or non-levy of duty u/s 11AC of Central Excise Act, 1994. ...
![Authority cannot Mechanically impose Penalty for Short Levy or Non-Levy of Duty u/s 11AC of Central Excise Act: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/penalty-Central-Excise-Act-CESTAT-taxscan.jpg "Authority cannot Mechanically impose Penalty for Short Levy or Non-Levy of Duty u/s 11AC of Central Excise Act: CESTAT [Read Order]")
![Penalty can be levied only on Charges for which Penalty proceedings were initiated: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Penalty-proceedings-ITAT-taxscan.jpeg "Penalty can be levied only on Charges for which Penalty proceedings were initiated: ITAT [Read Order]")