![Andhra Pradesh HC directs Adjustment of Income Tax Refund to assessee towards Tax Arrears instead of Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/Andhra-Pradesh-HC-Income-Tax-refundable-tax-arrears-penalty-Taxscan.jpg "Andhra Pradesh HC directs Adjustment of Income Tax Refund to assessee towards Tax Arrears instead of Penalty [Read Order]")
Andhra Pradesh HC directs Adjustment of Income Tax Refund to assessee towards Tax Arrears instead of Penalty [Read Order]
The Andhra Pradesh High Court directed the adjustment of Income Tax refundable to the assessee towards tax arrears instead of a penalty. The...
![Penalty cannot be levied u/s 271 (1)(c) without clarifying which part of the provision is attracted: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/Penalty-provision-ITAT-taxscan.jpg "Penalty cannot be levied u/s 271 (1)(c) without clarifying which part of the provision is attracted: ITAT [Read Order]")
![Each and Every disallowance/addition made in Quantum does not ipso facto attract Penalty provision: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Penalty-ITAT-Quantum-Taxscan.jpg "Each and Every disallowance/addition made in Quantum does not ipso facto attract Penalty provision: ITAT deletes Penalty [Read Order]")
![Interest of only refundable duty is admissible under Section 11BB and not of Penalty and fine: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Interest-of-only-refundable-duty-Section-11BB-penalty-CESTAT-Taxscan.jpeg "Interest of only refundable duty is admissible under Section 11BB and not of Penalty and fine: CESTAT [Read Order]")
Delay in filing of Income Tax Return due to Financial Difficulties: ITAT quashes Penalty [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench, upheld an order of the first appellate authority where the CIT(A) deleted a penalty order imposing Rs. 5000 on a Company for non-furnishing...
![Delay in filing of Income Tax Return due to Financial Difficulties: ITAT quashes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Delay-filing-of-Income-Tax-Return-Financial-Difficulties-ITAT-Penalty-taxscan.jpg "Delay in filing of Income Tax Return due to Financial Difficulties: ITAT quashes Penalty [Read Order]")
![No Penalty based on Estimated Additions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Penalty-Estimated-Additions-ITAT-Taxscan.jpg "No Penalty based on Estimated Additions: ITAT [Read Order]")
![Penalty shall not be levied merely on Technical Reasons: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Penalty-Technical-Reasons-ITAT-Taxscan.jpg "Penalty shall not be levied merely on Technical Reasons: ITAT [Read Order]")
CBIC notifies Waiver of Penalty for non-compliance of capturing dynamic QR Code in GST Invoice [Read Notification]
The Central Board of Indirect Taxes and Customs (CBIC) notified the waiver of penalty for non-compliance of capturing dynamic QR code in GST Invoice from December 2020 to June 30, 2021, fixed...
![CBIC notifies Waiver of Penalty for non-compliance of capturing dynamic QR Code in GST Invoice [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/03/CBIC-Dynamic-QR-Code-B2C-Invoices-GST-Invoice-Penalty-Waiver-Taxscan.jpg "CBIC notifies Waiver of Penalty for non-compliance of capturing dynamic QR Code in GST Invoice [Read Notification]")
Change in Nature of Loss from Business Loss to Speculative Loss not enough to impose Penalty: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench while deleting the penalty ruled that change in nature of loss from business loss to speculative loss is not enough to impose a penalty. The...
![Change in Nature of Loss from Business Loss to Speculative Loss not enough to impose Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/business-loss-speculative-loss-ITAT-penalty-Taxscan.jpg "Change in Nature of Loss from Business Loss to Speculative Loss not enough to impose Penalty: ITAT [Read Order]")
MCA notifies effective date for implementation of provisions relating to Unpaid Dividend Account and Penalty [Read Notification]
The Ministry of Corporate Affairs (MCA) appointed the 24th March 2021 for commencement of Section 23 and Section 45 of the Companies (Amendment) Act, 2020. Section 23 of the Companies (Amendment)...
![MCA notifies effective date for implementation of provisions relating to Unpaid Dividend Account and Penalty [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/03/MCA-implementation-of-provisions-Unpaid-Dividend-Account-Penalty-Taxscan.jpeg "MCA notifies effective date for implementation of provisions relating to Unpaid Dividend Account and Penalty [Read Notification]")
![ITAT deletes Penalty for failure to issue Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-Penalty-failure-to-issue-Notice-Taxscan.jpg "ITAT deletes Penalty for failure to issue Notice [Read Order]")