![Capital Gain arising from Sale of Land not Receipts from Business: ITAT deletes Penalty u/s 271 B [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Capital-gain-sale-of-land-business-ITAT-penalty-taxscan.jpg "Capital Gain arising from Sale of Land not Receipts from Business: ITAT deletes Penalty u/s 271 B [Read Order]")
Capital Gain arising from Sale of Land not Receipts from Business: ITAT deletes Penalty u/s 271 B [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench held that Capital gain arising from sale of land not receipts from business, thereby deleting...
![ITAT quashes Levy of Penalty u/s 271(1)(c) without mentioning Specific Charge in the Notice issued u/s 274 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-Penalty-Notice-taxscan.jpeg "ITAT quashes Levy of Penalty u/s 271(1)(c) without mentioning Specific Charge in the Notice issued u/s 274 [Read Order]")
![Revisional Jurisdiction cannot be invoked to Initiate Penalty without finding that Assessment is Erroneous: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Revisional-Jurisdiction-Penalty-Assessment-ITAT-taxscan.jpg "Revisional Jurisdiction cannot be invoked to Initiate Penalty without finding that Assessment is Erroneous: ITAT [Read Order]")
![Bonafide Action of Non-Sharing of AIR by Co-Operative Bank u/s 271FA will not attract Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Bonafide-Action-Co-Operative-Bank-Penalty-ITAT-taxscan.jpeg "Bonafide Action of Non-Sharing of AIR by Co-Operative Bank u/s 271FA will not attract Penalty: ITAT [Read Order]")
Deliberate Mis-Declaration and Overvaluation of Imports: CESTAT upholds Rejection of Duty Drawback and imposition of Penalties [Read Order]
The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), New Delhi has upheld the rejection of duty drawback and imposition of penalties for deliberate mis-declaration and overvaluation of...
![Deliberate Mis-Declaration and Overvaluation of Imports: CESTAT upholds Rejection of Duty Drawback and imposition of Penalties [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Imports-CESTAT-Duty-Drawback-taxscan.jpg "Deliberate Mis-Declaration and Overvaluation of Imports: CESTAT upholds Rejection of Duty Drawback and imposition of Penalties [Read Order]")
No Penalty u/s 271C when delay in Filing Appeal occurred due to Ambiguity on direction contained in Statutory Document: ITAT [Read Order]
No Penalty u/s 271C when delay in filing appeal occurred due to ambiguity on direction contained in statutory document, so was held by the Income Tax Appellate Tribunal (ITAT), New Delhi. The...
![No Penalty u/s 271C when delay in Filing Appeal occurred due to Ambiguity on direction contained in Statutory Document: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Penalty-appeal-statutory-document-ITAT-taxscan.jpeg "No Penalty u/s 271C when delay in Filing Appeal occurred due to Ambiguity on direction contained in Statutory Document: ITAT [Read Order]")
No Search Conducted on Assessee: ITAT upholds Deletion of Penalty u/s 271AAB on Undisclosed Income [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT), has held that no search was conducted on the assessee and upholds the deletion of penalty under section 271AAB on undisclosed income. The...
![No Search Conducted on Assessee: ITAT upholds Deletion of Penalty u/s 271AAB on Undisclosed Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Assessee-ITAT-Penalty-Undisclosed-Income-taxscan.jpeg "No Search Conducted on Assessee: ITAT upholds Deletion of Penalty u/s 271AAB on Undisclosed Income [Read Order]")
Non-Compliance due to delay in getting Notice from Authority, Penalty U/s 271(1)(b) not sustainable: ITAT [Read Order]
Non- compliance due to delay in getting notice from the authority, the Allahabad Bench of the Income Tax Appellate Tribunal (ITAT)has held that penalty under section 271(1)(b) is not sustainable. ...
![Non-Compliance due to delay in getting Notice from Authority, Penalty U/s 271(1)(b) not sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/notice-from-Authority-Penalty-ITAT-taxscan.jpeg "Non-Compliance due to delay in getting Notice from Authority, Penalty U/s 271(1)(b) not sustainable: ITAT [Read Order]")
Notice u/s 274 fails to specify the Reason for Imposition of Penalty: ITAT deletes Penalty u/s 271(c)(1) [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that notice under section 274 fails to specify the reason for the imposition of penalty and deletes the penalty imposed under section...
![Notice u/s 274 fails to specify the Reason for Imposition of Penalty: ITAT deletes Penalty u/s 271(c)(1) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Notice-ITAT-Penalty-taxscan.jpg "Notice u/s 274 fails to specify the Reason for Imposition of Penalty: ITAT deletes Penalty u/s 271(c)(1) [Read Order]")
Penalty levied by SEBI for shortfall in margin money eligible for Deduction u/s 37: ITAT [Read Order]
Income Tax Appellate Tribunal (ITAT), Mumbai held that penalty levied by SEBI for shortfall in margin money eligible for Deduction u/s 37. The assessee company, DJS Stock and Shares Ltd is engaged...
![Penalty levied by SEBI for shortfall in margin money eligible for Deduction u/s 37: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Penalty-SEBI-Deduction-ITAT-taxscan.jpg "Penalty levied by SEBI for shortfall in margin money eligible for Deduction u/s 37: ITAT [Read Order]")