Are Casino Winnings Taxable in India?
Now days Online casinos like Woo Casino site are very popular in the Age group between 20 to 40 in India. A casino is a public room where gambling is...
![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]](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]](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]](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]")
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]
The CESTAT, Delhi, on Monday, quashed an order rejecting the refund claim on the ground that appellant has failed to pass the bar of unjust enrichment observing that there is no provision in law...
![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]
A two-judge bench of the Delhi High Court has ruled that the action of income tax authorities denying the benefit of immunity from penalty under Section 270AA of the Income Tax Act to the assessee on...
![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]")