![ITAT deletes Penalty since Statutory condition of citing specific reasons are not provided by AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/10/ITAT-Penalty-AO-Taxscan.jpg "ITAT deletes Penalty since Statutory condition of citing specific reasons are not provided by AO [Read Order]")
ITAT deletes Penalty since Statutory condition of citing specific reasons are not provided by AO [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the penalty proceedings under section 271(1)(c) of the Income Tax Act, 1961...
![Limitation Period for Penalty Order does not apply to Penalty Proceeding u/s 271D & 271E: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/09/penalty-proceeding-ITAT-Taxscan.jpeg "Limitation Period for Penalty Order does not apply to Penalty Proceeding u/s 271D & 271E: ITAT [Read Order]")
![Patna High Court quashes demand of GST, Interest, and Penalty as No Opportunity of Hearing was afforded [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/09/Patna-High-Court-GST-Penalty-interest-Taxscan.jpg "Patna High Court quashes demand of GST, Interest, and Penalty as No Opportunity of Hearing was afforded [Read Order]")
![Penalty not leviable as Service Tax was paid in Cash as soon as pointed by Auditor: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/09/Penalty-service-tax-auditor-CESTAT-Taxscan.jpeg "Penalty not leviable as Service Tax was paid in Cash as soon as pointed by Auditor: CESTAT [Read Order]")
Madras HC deletes Penalty for failure to furnish Information or Document as conduct of Assessee was Bonafide [Read Order]
The Madras High Court deleted the penalty for failure to furnish information or document as conduct of the assessee was bonafide. The assessee, M/s.SSL-TTK Ltd. is a Public Limited Company engaged...
![Madras HC deletes Penalty for failure to furnish Information or Document as conduct of Assessee was Bonafide [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/08/Penalty-Madras-High-Court-Taxscan.jpeg "Madras HC deletes Penalty for failure to furnish Information or Document as conduct of Assessee was Bonafide [Read Order]")
CA Association urges Finance Minister to Rationalise Penalty provisions under Section 270AA of Income Tax Act
The Karnataka State Chartered Accountants Association (KSCAA) in a letter to the Union Finance Minister, Nirmala Sitharaman while urging her for the Rationalisation of Penalty Provisions under...
Madras HC permits Provisional Release of Cargo as directing Importer to Furnish Cash Security towards Redemption Fine, Penalty would be harsh [Read Judgment]
The Madurai Bench of the Madras High Court permitted provisional release of cargo as directing Importer to furnish Cash Security towards redemption fine, penalty would be harsh as the show-cause...
![Madras HC permits Provisional Release of Cargo as directing Importer to Furnish Cash Security towards Redemption Fine, Penalty would be harsh [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/07/Madras-High-Court-provisional-release-of-cargo-Cash-Security-penalty-Taxscan.jpeg "Madras HC permits Provisional Release of Cargo as directing Importer to Furnish Cash Security towards Redemption Fine, Penalty would be harsh [Read Judgment]")
![Penalty can’t be levied since SCN issued by DRI is invalid: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/07/Penalty-SCN-DRI-CESTAT-Taxscan.jpg "Penalty can’t be levied since SCN issued by DRI is invalid: CESTAT [Read Order]")
Penalty under VAT Act can’t be imposed in every case merely because it is lawful to do so: Karnataka High Court [Read Order]
The Karnataka High Court ruled that the Penalty under Value Added Tax Act can not be imposed in every case merely because it is lawful to do so. The petitioner, M/s Mangalore Refinery and...
![Penalty under VAT Act can’t be imposed in every case merely because it is lawful to do so: Karnataka High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/07/Penalty-VAT-Act-Karnataka-High-Court-Taxscan.jpg "Penalty under VAT Act can’t be imposed in every case merely because it is lawful to do so: Karnataka High Court [Read Order]")
Huge difference Noticed between Original Imposition of Penalty and Rectified Demand: Patna HC cautions GST Officer to be careful in Future [Read Order]
The Patna High Court while cautioning the Goods and Service Tax (GST) officer to be careful in the Future observed that the GST orders are being issued without giving any opportunity to taxpayers as...
![Huge difference Noticed between Original Imposition of Penalty and Rectified Demand: Patna HC cautions GST Officer to be careful in Future [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/07/Original-imposition-of-penalty-Rectified-Demand-Patna-HC-GST-officer-Taxscan.jpg "Huge difference Noticed between Original Imposition of Penalty and Rectified Demand: Patna HC cautions GST Officer to be careful in Future [Read Order]")
Delayed Payment of Income Tax may call for Penalty or Interest but could not be construed as an attempt to Evade Tax: Gujarat HC [Read Judgment]
The Gujarat High Court held that the delayed payment of Income Tax may call for penalty or interest but could not be construed as an attempt to evade tax. The petitioner, Ganga Devi Somani is the...
![Delayed Payment of Income Tax may call for Penalty or Interest but could not be construed as an attempt to Evade Tax: Gujarat HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/07/evade-tax-income-tax-Gujarat-high-court-Taxscan.jpeg "Delayed Payment of Income Tax may call for Penalty or Interest but could not be construed as an attempt to Evade Tax: Gujarat HC [Read Judgment]")