![Attempt to Smuggle Prohibited Goods cannot be Brushed aside as mere Violation of CBLR: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Prohibited-Goods-CBLR-CESTAT-taxscan.jpg "Attempt to Smuggle Prohibited Goods cannot be Brushed aside as mere Violation of CBLR: CESTAT [Read Order]")
Attempt to Smuggle Prohibited Goods cannot be Brushed aside as mere Violation of CBLR: CESTAT [Read Order]
The Chennai bench of Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) presided by Ms. Sulekha Beevi C.S., Member (Judicial) has held...
![Inaccurate particulars of Income must be Coupled with Circumstantial Evidence: ITAT sets aside penalty u/s 271(1)(c) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/income-circumstantial-evidence-ITAT-penalty-taxscan.jpeg "Inaccurate particulars of Income must be Coupled with Circumstantial Evidence: ITAT sets aside penalty u/s 271(1)(c) [Read Order]")
![Penalty u/s 270A will not attract by Mere Reference of Misreporting of Income: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Penalty-Misreporting-Income-Delhi-High-Court-Taxscan.jpg "Penalty u/s 270A will not attract by Mere Reference of Misreporting of Income: Delhi HC [Read Order]")
![Mis-Declaration of Capital Loss as Business Loss does not lead to Concealments of Income, Penalty u/s 271(1)(c) not sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/capital-loss-business-loss-concealments-of-income-Penalty-ITAT-taxscan.jpeg "Mis-Declaration of Capital Loss as Business Loss does not lead to Concealments of Income, Penalty u/s 271(1)(c) not sustainable: ITAT [Read Order]")
![Penalty u/s 271 alone will Not Exist after Deletion of Addition on Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Penalty-Addition-Income-ITAT-taxscan.jpeg "Penalty u/s 271 alone will Not Exist after Deletion of Addition on Income: ITAT [Read Order]")
Mis-declaration of Value of Imported Goods as per Manufacturer’s Price Lists can attract Penalty u/s 114A: CESTAT [Read Order]
The New Delhi bench of Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) has held that misdeclaration of imported goods as per the manufacturer’s price lists can attract penalty u/s...
![Mis-declaration of Value of Imported Goods as per Manufacturer’s Price Lists can attract Penalty u/s 114A: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Mis-declaration-of-value-imported-goods-Penalty-CESTAT-Taxscan.jpg "Mis-declaration of Value of Imported Goods as per Manufacturer’s Price Lists can attract Penalty u/s 114A: CESTAT [Read Order]")
![Specific limb must be mentioned in the Notice of Penalty u/s 271: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/notice-penalty-ITAT-taxscan.jpg "Specific limb must be mentioned in the Notice of Penalty u/s 271: ITAT [Read Order]")
Quantification of Penalty is dependent upon Additions made to Income of Assessee: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench consisting of Pradip Kumar Kedia, Accountant Member and Narender Kumar Choudhry, Judicial Member held that quantification of penalty is dependent...
![Quantification of Penalty is dependent upon Additions made to Income of Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/penalty-income-assessee-ITAT-Taxscan.jpeg "Quantification of Penalty is dependent upon Additions made to Income of Assessee: ITAT [Read Order]")
![Wrong claim of TDS would not amount to Penalty u/s 271: ITAT quashes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Wrong-claim-TDS-ITAT-penalty-Taxscan.jpeg "Wrong claim of TDS would not amount to Penalty u/s 271: ITAT quashes Penalty [Read Order]")
![No Imposition of Penalty if Cause of Action itself does not Survive: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Penalty-CESTAT-taxscan.jpeg "No Imposition of Penalty if Cause of Action itself does not Survive: CESTAT [Read Order]")
Penalty u/s 271 can’t be invoked in absence of relevant record on inaccurate particulars: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that penalty u/s 271 can’t be invoked in the absence of relevant records about the inaccurate particulars. The appellant is a...
![Penalty u/s 271 can’t be invoked in absence of relevant record on inaccurate particulars: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Penalty-relevant-record-inaccurate-particulars-ITAT-Taxscan.jpg "Penalty u/s 271 can’t be invoked in absence of relevant record on inaccurate particulars: ITAT [Read Order]")
CBIC exempts from maintaining Deposits in ECL under Customs Act up to November 29, 2022 [Read Notification]
The Central Board of Indirect Taxes and Customs (CBIC) notified that it is necessary and expedient so to do hereby exempts the deposits pertaining to all classes of persons and all categories of...
![CBIC exempts from maintaining Deposits in ECL under Customs Act up to November 29, 2022 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/06/CBIC-ECL-Customs-Act-taxscan.jpg "CBIC exempts from maintaining Deposits in ECL under Customs Act up to November 29, 2022 [Read Notification]")