![CESTAT upholds Penalty of Chairman/MD on Failure to ensure Proper Accounting of Finished Goods [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/CESTAT-Penalty-Chairman-MD-Accounting-Finished-Goods-taxscan.jpeg "CESTAT upholds Penalty of Chairman/MD on Failure to ensure Proper Accounting of Finished Goods [Read Order]")
CESTAT upholds Penalty of Chairman/MD on Failure to ensure Proper Accounting of Finished Goods [Read Order]
The Ahmedabad Bench of Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has upheld the penalty of the Chairman/Managing Director since...
![Penalty u/s 271 will not sustain on Unintentional failure in Disclosure of Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Penalty-income-ITAT-taxscan.jpeg "Penalty u/s 271 will not sustain on Unintentional failure in Disclosure of Income: ITAT [Read Order]")
![Non-Maintenance of Books of Account would not attract Penalty u/s 271B: ITAT grants Relief to Developer [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Books-of-Account-Penalty-ITAT-Developer-taxscan.jpeg "Non-Maintenance of Books of Account would not attract Penalty u/s 271B: ITAT grants Relief to Developer [Read Order]")
![Income Tax proceedings against CIRP: Delhi HC stays Demand and Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Income-Tax-CIRP-Delhi-HC-Demand-Penalty-Taxscan.jpeg "Income Tax proceedings against CIRP: Delhi HC stays Demand and Penalty [Read Order]")
![Issuance of Invoices without Movement of Goods resulted in Confiscation: CESTAT upholds Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Invoices-Movement-of-Goods-CESTAT-Penalty-taxscan.jpeg "Issuance of Invoices without Movement of Goods resulted in Confiscation: CESTAT upholds Penalty [Read Order]")
Clerical Error in filling Bill of Entry does not attract Penalty and Confiscation under Customs Act: CESTAT [Read Order]
The Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ), New Delhi has held that Clerical error in filling the Bill of Entry does not attract penalty and confiscation under Customs Act. ...
![Clerical Error in filling Bill of Entry does not attract Penalty and Confiscation under Customs Act: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Clerical-Error-Bill-of-Entry-Penalty-Customs-Act-CESTAT-Taxscan.jpeg "Clerical Error in filling Bill of Entry does not attract Penalty and Confiscation under Customs Act: CESTAT [Read Order]")
![Penalty under Rule 26 will not sustain in the absence of Actual Clearance of Goods: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Penalty-Rule-26-clearance-of-goods-CESTAT-Taxscan.jpeg "Penalty under Rule 26 will not sustain in the absence of Actual Clearance of Goods: CESTAT [Read Order]")
Late Action by New Auditor is reasonable cause for Non-Imposition of Penalty u/s 271B: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) has held that, Late action by new auditor is reasonable cause for non-imposition of penalty under Section 271B of the Income Tax Act. The assessee, M/s....
![Late Action by New Auditor is reasonable cause for Non-Imposition of Penalty u/s 271B: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/auditor-penalty-ITAT-taxscan.jpeg "Late Action by New Auditor is reasonable cause for Non-Imposition of Penalty u/s 271B: ITAT [Read Order]")
![MCA notifies Penalty for Non-Compliance with NFRA Rules [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/06/MCA-Penalty-NFRA-Rules-Taxscan-1.jpg "MCA notifies Penalty for Non-Compliance with NFRA Rules [Read Notification]")
Criminal Proceedings cannot be quashed on the basis of stay granted by CESTAT: Supreme Court [Read Judgment]
A two-judge bench of the Supreme Court comprising Justice Sanjiv Khanna and Justice Bela M. Trivedi, while overruling an order of the Karnataka High Court has held that the criminal proceedings...
![Criminal Proceedings cannot be quashed on the basis of stay granted by CESTAT: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/06/Criminal-Proceedings-CESTAT-Supreme-Court-taxscan.jpg "Criminal Proceedings cannot be quashed on the basis of stay granted by CESTAT: Supreme Court [Read Judgment]")
Penalty u/s 271(1)(b) on Non-Appearance will not sustain on Completion of Scrutiny Assessment: ITAT [Read Order]
Penalty u/s 271(1)(b) for non-appearance was deleted by the Mumbai bench of Income Tax Appellate Tribunal (ITAT) on completion of scrutiny assessment by the Assessing Officer after condoned the...
![Penalty u/s 271(1)(b) on Non-Appearance will not sustain on Completion of Scrutiny Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Penalty-Scrutiny-Assessment-ITAT-taxscan.jpeg "Penalty u/s 271(1)(b) on Non-Appearance will not sustain on Completion of Scrutiny Assessment: ITAT [Read Order]")
Deduction reduced on account of interpretative process cannot be equated with furnishing of inaccurate particulars of Income, Penalty u/s 271(1)(c) will not sustain: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) has held that deduction reduced on account of the interpretative process cannot be equated with the furnishing of inaccurate particulars of...
![Deduction reduced on account of interpretative process cannot be equated with furnishing of inaccurate particulars of Income, Penalty u/s 271(1)(c) will not sustain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Deduction-income-penalty-ITAT-taxscan.jpeg "Deduction reduced on account of interpretative process cannot be equated with furnishing of inaccurate particulars of Income, Penalty u/s 271(1)(c) will not sustain: ITAT [Read Order]")