![Penalty can’t be invoked under Income Tax Act without relevant Documents which substantiate Business Activities: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Penalty-Income-Tax-Act-relevant-documents-substantiate-business-activities-ITAT-taxscan.jpg "Penalty can’t be invoked under Income Tax Act without relevant Documents which substantiate Business Activities: ITAT [Read Order]")
Penalty can’t be invoked under Income Tax Act without relevant Documents which substantiate Business Activities: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that penalty can’t be invoked under Income Tax Act without relevant documents which...
![No Specific Charges mentioned in S. 274 Notice: ITAT deletes Penalty Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Specific-Charges-Notice-ITAT-Penalty-Order-taxscan.jpg "No Specific Charges mentioned in S. 274 Notice: ITAT deletes Penalty Order [Read Order]")
![Cogent Evidence is needed to establish a Charge against Clandestine Removal, No Penalty sustained under Central Excise Act: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Cogent-evidence-penalty-Central-Excise-Act-CESTAT-taxscan.jpg "Cogent Evidence is needed to establish a Charge against Clandestine Removal, No Penalty sustained under Central Excise Act: CESTAT [Read Order]")
![CHA not Responsible for Abetment if no Reason to Doubt Malpractice: CESTAT quashes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/CHA-Abetment-Malpractice-CESTAT-Penalty-Taxscan.jpeg "CHA not Responsible for Abetment if no Reason to Doubt Malpractice: CESTAT quashes Penalty [Read Order]")
![Notice not served on Assessee due to Change of Address: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Notice-Assessee-Change-of-Address-ITAT-deletes-Penalty-Taxscan.jpg "Notice not served on Assessee due to Change of Address: ITAT deletes Penalty [Read Order]")
Relief to Asian Paints: Madras HC orders GST Dept to release Seized Goods upon receipt of Bank Guarantee [Read Order]
In a relief to Asian Paints Limited, a leading brand and manufacturer in paints, the Madras High Court has directed the GST department to accept a bank guarantee and release the goods under the...
![Relief to Asian Paints: Madras HC orders GST Dept to release Seized Goods upon receipt of Bank Guarantee [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Asian-Paints-Madras-HC-GST-Dept-Seized-Goods-Bank-Guarantee-Taxscan.jpeg "Relief to Asian Paints: Madras HC orders GST Dept to release Seized Goods upon receipt of Bank Guarantee [Read Order]")
Cash Transactions between Trust and Managing Trustee are not covered u/s 269SS of Income Tax Act: ITAT deletes Penalty [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the managing trustee of the society is not covered by the expression “any other persons” occurring in section 269SS or...
![Cash Transactions between Trust and Managing Trustee are not covered u/s 269SS of Income Tax Act: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Cash-Transactions-Trust-Managing-Trustee-Income-Tax-Act-ITAT-Penalty-Taxscan.jpg "Cash Transactions between Trust and Managing Trustee are not covered u/s 269SS of Income Tax Act: ITAT deletes Penalty [Read Order]")
Service Tax cannot be levied for Total Receipt falling below Threshold limit of 10 Lakh, No penalty under Finance Act: CESTAT [Read Order]
The Delhi bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that service tax cannot be levied for total receipt falling below the threshold limit of Rs. 10,00,000/-...
![Service Tax cannot be levied for Total Receipt falling below Threshold limit of 10 Lakh, No penalty under Finance Act: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Service-Tax-levied-total-receipt-falling-threshold-limit-penalty-Finance-Act-CESTAT-Taxscan.jpeg "Service Tax cannot be levied for Total Receipt falling below Threshold limit of 10 Lakh, No penalty under Finance Act: CESTAT [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 payments accordingly shall not lead to...
![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]")
No Penalty on Receiving Cash Loan from Family Members to Meet Business Exigency: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the penalty under sections 271D and 271E of the Income Tax Act, 1961 cannot be leviable on receipt of cash loan from family members...
![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]")