![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]")
Penalty shall not be levied merely on Technical Reasons: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench deleted the penalty on account of alleged concealment of Income. The notices under section...
![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]](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]](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...
Customs Commissioner notifies Waiver of Penalty for late filing of Bill of Entry due to Non-functioning of ICEGATE [Read Circular]
The Custom Commissioner notified General Waiver of Penalty for late filing of Bill of Entry due to Non- functioning of ICEGATE from February 1, 2021, to February 3, 2021. The ICEGATE System was...
![Customs Commissioner notifies Waiver of Penalty for late filing of Bill of Entry due to Non-functioning of ICEGATE [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/02/Customs-Commissioner-Penalty-ICEGATE-Bill-of-Entry-Taxscan.jpeg "Customs Commissioner notifies Waiver of Penalty for late filing of Bill of Entry due to Non-functioning of ICEGATE [Read Circular]")
CBDT directs Income Tax Officers to impose Penalty u/s 271AAD for False Entry in Books of Accounts [Read Circular]
The Central Board of Direct Taxes (CBDT) notified the penalty under section 271AAD for false entry etc. in the books of accounts. The CBDT has inserted section 271AAD in the Income Tax Act,...
![CBDT directs Income Tax Officers to impose Penalty u/s 271AAD for False Entry in Books of Accounts [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/01/CBDT-Income-Tax-Officers-Penalty-False-Entry-in-Books-of-Accounts-Taxscan.jpg "CBDT directs Income Tax Officers to impose Penalty u/s 271AAD for False Entry in Books of Accounts [Read Circular]")
GST: Officer empowered to possess Confiscated Goods, if option to Pay Fine in addition to Tax payable, Penalty is not exercised, says Karnataka HC [Read Order]
The Karnataka High Court held that the proper Officer is empowered to hold possession of confiscated goods if the option to pay Fine in addition to the tax payable, penalty, and other charges is not...
![GST: Officer empowered to possess Confiscated Goods, if option to Pay Fine in addition to Tax payable, Penalty is not exercised, says Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/GST-Officer-confiscated-goods-tax-payable-penalty-Karnataka-High-Court-Taxscan.jpg "GST: Officer empowered to possess Confiscated Goods, if option to Pay Fine in addition to Tax payable, Penalty is not exercised, says Karnataka HC [Read Order]")
![GST: NAA found Lifestyle International guilty of Profiteering [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/NAA-Lifestyle-International-profiteering-taxscan.jpeg "GST: NAA found Lifestyle International guilty of Profiteering [Read Order]")