![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]")
Each and Every disallowance/addition made in Quantum does not ipso facto attract Penalty provision: ITAT deletes Penalty [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench while deleting the penalty held that quantum and penalty are parallel proceedings wherein...
![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]](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]")
![Non-Compliance of Show Cause Notice not a valid ground for Imposition of Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Non-Compliance-show-cause-notice-penalty-ITAT-Taxscan.jpeg "Non-Compliance of Show Cause Notice not a valid ground for Imposition of Penalty: ITAT [Read Order]")
CBDT extends Time barred Assessments to 30th April 2021 and Penalty to 29th June 2021 [Read Notification]
The Central Board of Direct Taxes (CBDT) notifies CBDT notifies Extension of time barring Assessments to 30th April 2021 and Penalty to 29th June 2021. The Board notified that the date for the...
![CBDT extends Time barred Assessments to 30th April 2021 and Penalty to 29th June 2021 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/03/CBDT-time-barring-Assessments-Penalty-Taxscan.jpg "CBDT extends Time barred Assessments to 30th April 2021 and Penalty to 29th June 2021 [Read Notification]")
4,73,131 Indian Companies and 1,065 Foreign Companies benefited by availing the Companies Fresh Start Scheme, 2020, says MoS Anurag Thakur
As per records available with the Ministry of Corporate Affairs (MCA), 4,73,131 number of Indian Companies and 1,065 number of Foreign Companies have been benefited by availing the Companies...
