![Signing of Statement Admitting Tax Liability during Investigation & Making Payments shall not lead to Self-Assessment: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Tax-Liability-Investigation-Payments-Self-Assessment-Madras-HC-taxscan.jpg "Signing of Statement Admitting Tax Liability during Investigation & Making Payments shall not lead to Self-Assessment: Madras HC [Read Order]")
Signing of Statement Admitting Tax Liability during Investigation & Making Payments shall not lead to Self-Assessment: Madras HC [Read Order]
The Madras High Court has held that the signing of a statement by the taxpayer admitting tax liability under the stress of investigation and making...
![No Penalty on Receiving Cash Loan from Family Members to Meet Business Exigency: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Penalty-Cash-Loan-Family-Members-Business-Exigency-ITAT-Taxscan.jpeg "No Penalty on Receiving Cash Loan from Family Members to Meet Business Exigency: ITAT [Read Order]")
![Penalty cannot be levied based on Estimate Addition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Penalty-Estimate-Addition-levied-ITAT-Taxscan.jpg "Penalty cannot be levied based on Estimate Addition: ITAT [Read Order]")
![No Provision in Law regarding Refund of Penalty: CESTAT quashes Order Rejecting Refund on ground of Failure to Pass the Bar of Unjust Enrichment [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/No-Provision-in-Law-Refund-of-Penalty-CESTAT-Rejecting-Refund-Unjust-Enrichment-Taxscan.jpeg "No Provision in Law regarding Refund of Penalty: CESTAT quashes Order Rejecting Refund on ground of Failure to Pass the Bar of Unjust Enrichment [Read Order]")
![Non-Specification of Limb under which Penalty is Initiated is Arbitrary: Delhi HC says Assessee eligible for Immunity and shall be Incentivized [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Non-Specification-Limb-Penalty-Delhi-High-Court-Assessee-Immunity-Incentivized-Taxscan.jpg "Non-Specification of Limb under which Penalty is Initiated is Arbitrary: Delhi HC says Assessee eligible for Immunity and shall be Incentivized [Read Order]")
Segregation Process of Waste is 'Manufacture Activity': CESTAT allows Concessional Duty Benefit [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Ahmedabad bench has held that since the segregation process of waste is amount to manufacturing activity, the benefit of concessional...
![Segregation Process of Waste is Manufacture Activity: CESTAT allows Concessional Duty Benefit [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Manufacture-Activity-CESTAT-Concessional-Duty-Benefit-TAXSCAN.jpeg "Segregation Process of Waste is Manufacture Activity: CESTAT allows Concessional Duty Benefit [Read Order]")
Income Tax Penalty on alleged Cash Loan based on Loose Papers: ITAT quashes Order against Deceased Assessee since Authenticity of Transaction can’t be Vouched [Read Order]
The Delhi bench of the ITAT has quashed a penalty order whereby the income tax authorities imposed a penalty under section 271D of the Income Tax Act, 1961 as the order was based on loose papers and...
![Income Tax Penalty on alleged Cash Loan based on Loose Papers: ITAT quashes Order against Deceased Assessee since Authenticity of Transaction can’t be Vouched [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Income-Tax-Penalty-income-tax-Penalty-Cash-Loan-Loose-Papers-ITAT-quashes-Order-Deceased-Assessee-Authenticity-Transaction-Taxscan.jpg "Income Tax Penalty on alleged Cash Loan based on Loose Papers: ITAT quashes Order against Deceased Assessee since Authenticity of Transaction can’t be Vouched [Read Order]")
![ITAT deletes Penalty since Non-Deduction of TDS due to Absence of Invoices [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/ITAT-Penalty-Non-Deduction-TDS-Absence-Invoices-Taxscan.jpeg "ITAT deletes Penalty since Non-Deduction of TDS due to Absence of Invoices [Read Order]")
![Dept failed to consider Reply to Income Tax Notice: Delhi High Court quashes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Department-Income-Tax-Notice-Income-tax-Notice-Delhi-High-Court-Penalty-Taxscan.jpg "Dept failed to consider Reply to Income Tax Notice: Delhi High Court quashes Penalty [Read Order]")
![Partial Relief to Falcon India: CESTAT deletes Penalty, Upholds Revocation of License [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Partial-Relief-Falcon-India-CESTAT-deletes-Penalty-Revocation-License-Taxscan.jpeg "Partial Relief to Falcon India: CESTAT deletes Penalty, Upholds Revocation of License [Read Order]")
ITAT confirms Income Tax Penalty against Doctor for not maintaining daily case register and Inventory of Medicine Stock [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) has recently confirmed a penalty issued under section 271A of the Income Tax Act, 1961 on grounds of not maintaining books of accounts as...
![ITAT confirms Income Tax Penalty against Doctor for not maintaining daily case register and Inventory of Medicine Stock [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/ITAT-Income-Tax-Penalty-Doctor-daily-case-register-Inventory-of-Medicine-Stock-medicine-stock-medicine-case-register-income-tax-penalty-Taxscan.jpg "ITAT confirms Income Tax Penalty against Doctor for not maintaining daily case register and Inventory of Medicine Stock [Read Order]")
Penalty proceedings in cases where pendency could not be created on ITBA because of technical reasons or cases not having a PAN to be excluded from Faceless Penalty Scheme: CBDT [Read Order]
The Central Board of Direct Tax ( CBDT ) has said that, Penalty proceedings in cases where pendency could not be created on ITBA because of technical reasons or cases not having a PAN to be excluded...
![Penalty proceedings in cases where pendency could not be created on ITBA because of technical reasons or cases not having a PAN to be excluded from Faceless Penalty Scheme: CBDT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Penalty-ITBA-PAN-Faceless-Penalty-Scheme-CBDT-taxscan.jpg "Penalty proceedings in cases where pendency could not be created on ITBA because of technical reasons or cases not having a PAN to be excluded from Faceless Penalty Scheme: CBDT [Read Order]")