![NAA finds Pinky Sales guilty for not passing benefit of GST Reduction on Footwear to its customers [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/NAA-GST-footwear-Taxscan.jpeg "NAA finds Pinky Sales guilty for not passing benefit of GST Reduction on Footwear to its customers [Read Order]")
NAA finds Pinky Sales guilty for not passing benefit of GST Reduction on Footwear to its customers [Read Order]
The National Anti-Profiteering Authority (NAA) has found M/s Pinky Sales guilty of profiteering by not reducing prices in respect of the supply of...
![NAA finds Inox Leisure Guilty of Profiteering, No Penalty imposed [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/NAA-Inox-Leisure-Guilty-Profiteering-penalty-Taxscan.jpg "NAA finds Inox Leisure Guilty of Profiteering, No Penalty imposed [Read Order]")
![GST: Penalty can’t be levied on Nani Resorts & Floriculture for denying benefit of ITC to Flat purchaser, says NAA [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/NAA-Nani-Resorts-Floriculture-flat-Taxscan.jpg "GST: Penalty can’t be levied on Nani Resorts & Floriculture for denying benefit of ITC to Flat purchaser, says NAA [Read Order]")
![Penalty for Profiteering Charges cant be imposed retrospectively: NAA [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/Penalty-NAA-profiteering-taxscan.jpg "Penalty for Profiteering Charges cant be imposed retrospectively: NAA [Read Order]")
![No penalty for denying ITC benefit to Customers prior to January 1, 2020: NAA [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/GST-NAA-Penalty-no-penalty-Input-Tax-Credit-taxscan.jpg "No penalty for denying ITC benefit to Customers prior to January 1, 2020: NAA [Read Order]")
Penalty can't be levied on Puri Construction for denying benefit of ITC to Flat Buyers: NAA [Read Order]
The National Anti-Profiteering Authority (NAA) found M/s Puri Construction Private Limited guilty of profiteering but did not impose the penalty for denying the benefit of Input Tax Credit (ITC) to...
![Penalty cant be levied on Puri Construction for denying benefit of ITC to Flat Buyers: NAA [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/NAA-Puri-Construction-penalty-taxscan.jpg "Penalty cant be levied on Puri Construction for denying benefit of ITC to Flat Buyers: NAA [Read Order]")
ITAT quashes levy of Penalty by AO for not Auditing Books of Accounts/ furnishing Report of Audit of Books of Accounts on due date of filing ITR
The Income Tax Appellate Tribunal (ITAT), Delhi Bench has quashed the levy of penalty by Assessing Officer (AO) for not auditing books of accounts/ furnishing reports of the audit of books of...
No Penalty If Assessee has reasonable cause for non-filing of Income Tax Return: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that no penalty under section 271F of the Income Tax Act, 1961 is leviable since the assessee was under an impression that the sale...
![No Penalty If Assessee has reasonable cause for non-filing of Income Tax Return: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/Income-Tax-Return-ITAT-Penalty-Income-Tax-Taxscan.jpg "No Penalty If Assessee has reasonable cause for non-filing of Income Tax Return: ITAT [Read Order]")
![Relief to Flemingo Travel Retail Limited: ITAT quashes Penalty of Rs.2.26 Cr [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/Flemingo-Travel-ITAT-Penalty-Taxscan.jpg "Relief to Flemingo Travel Retail Limited: ITAT quashes Penalty of Rs.2.26 Cr [Read Order]")
No Penalty for ‘Escapement of Income’ if Assessee disclosed All Material Facts Fully and Truly: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the penalty cannot be imposed if the assessee has disclosed full and true material facts for assessment. The income tax...
![No Penalty for ‘Escapement of Income’ if Assessee disclosed All Material Facts Fully and Truly: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/penalty-ITAT-Escapement-Income-Assessee-Taxscan.jpg "No Penalty for ‘Escapement of Income’ if Assessee disclosed All Material Facts Fully and Truly: ITAT [Read Order]")
![ITAT deletes Penalty since Assessee Voluntarily surrendered Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/ITAT-Penalty-Assessee-Voluntarily-surrendered-Income-Taxscan.jpg "ITAT deletes Penalty since Assessee Voluntarily surrendered Income [Read Order]")