Read all Latest Updates on and about Penalty

Begin typing your search above and press return to search.

Home
»
Penalty

Penalty u/s 271(1)(c) not applicable when Income Computed on Estimated Basis: ITAT [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that penalty u/s 271(1)(c) is not applicable when income is computed on an estimated...

Double Penalty for Non-Linking of PAN-Aadhaar, TDS on Cryptos: Three Major Income Tax Changes from...

Demand of Tax, Interest, and Penalty in Form DRC-01A without issue of Notice u/s 74(1) TNGST Act:...

Mere Disallowance of Claim u/s 54F will not attract Penalty u/s 271(1)(c): ITAT [Read Order]

No Penalty on Confiscated Gold Bar in the presence of Cogent Evidence: CESTAT [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 he failed to ensure proper accounting of finished...

Penalty u/s 271 will not sustain on Unintentional failure in Disclosure of Income: ITAT [Read Order]

The Income Tax Appellate Tribunal, Ahmedabad bench has held that penalty u/s 271 will not sustain on unintentional failure in disclosure of income. The appellant was represented by Shri P.F. Jain...

Non-Maintenance of Books of Account would not attract Penalty u/s 271B: ITAT grants Relief to Developer [Read Order]

The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench consisting of Waseem Ahmed, Accountant Member, and Madhumita Roy, Judicial Member granted relief to Developer as non-maintenance of Books of...

Income Tax proceedings against CIRP: Delhi HC stays Demand and Penalty [Read Order]

Adivision bench of the Delhi High Court consists of Justice Manmohan and Justice Manmeet Pritam Singh has stayed an income tax assessment order and consequential demand and notice of penalty, which...

Issuance of Invoices without Movement of Goods resulted in Confiscation: CESTAT upholds Penalty [Read Order]

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai bench has held that issuance of invoices without movement of goods resulted in the confiscation and upheld the penalty. The...

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. ...

Penalty under Rule 26 will not sustain in the absence of Actual Clearance of Goods: CESTAT [Read Order]

The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Ahmedabad bench has held that penalty under rule 26 will not sustain in the absence of actual clearance of goods. The appellant...

Prev Page Next Page