![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]")
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...
![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]](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]")
![Gaurav Sharma Food Industry denied Benefit of Tax Reduction to Consumers: NAA imposes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/Gaurav-Sharma-Food-Industry-NAA-Tax-Reduction-Penalty-Taxscan.jpg "Gaurav Sharma Food Industry denied Benefit of Tax Reduction to Consumers: NAA imposes Penalty [Read Order]")
12% GST applicable on Interest / Penalty collected for Delay in Payment of Monthly Subscription by Members of Chit Fund Company: AAR [Read Order]
The Andhra Pradesh Authority of Advance Ruling (AAR) ruled that 12% of GST is applicable on interest/penalty collected for the delay in payment of monthly subscription by the members of the chit fund...
![12% GST applicable on Interest / Penalty collected for Delay in Payment of Monthly Subscription by Members of Chit Fund Company: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/Delayed-GST-Payment-Taxscan.jpg "12% GST applicable on Interest / Penalty collected for Delay in Payment of Monthly Subscription by Members of Chit Fund Company: AAR [Read Order]")
Delhi HC stays IBBI order Imposing Penalty on Mack Soft Tech Resolution Professional, subjected to deposit of Rs. 25L [Read Order]
The High Court of Delhi stayed the Insolvency and Bankruptcy Board of India (IBBI) order imposing the penalty on the Mack Soft Tech Resolution Professional. Stay is subject to Mohan Lal Jain making a...
![Delhi HC stays IBBI order Imposing Penalty on Mack Soft Tech Resolution Professional, subjected to deposit of Rs. 25L [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/IBBI-Mack-Soft-Tech-Penalty.jpg "Delhi HC stays IBBI order Imposing Penalty on Mack Soft Tech Resolution Professional, subjected to deposit of Rs. 25L [Read Order]")
Tobacco Products likely to get Damaged, so must me Release after Payment of Tax and Penalty: Gujarat HC [Read Order]
The High Court of Gujarat denied interfering with the impugned show cause notice issued by the authority under Section 130 of the CGST Act, however, it noted that Tobacco products are likely to get...
![Tobacco Products likely to get Damaged, so must me Release after Payment of Tax and Penalty: Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/06/Tobacco-products-Taxscan.jpeg "Tobacco Products likely to get Damaged, so must me Release after Payment of Tax and Penalty: Gujarat HC [Read Order]")
Making a Wrong Claim not amount to 'concealment of inaccurate information', No Penalty: Bombay HCÂ [Read Order]
The Bombay High Court held that making a wrong claim is not at par with concealment or giving inaccurate information which may call for levy of penalty under Section 271(1)(c) of the Income Tax Act,...
![Making a Wrong Claim not amount to concealment of inaccurate information, No Penalty: Bombay HCÂ [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/06/Wrong-claim-Bombay-High-court.jpg "Making a Wrong Claim not amount to concealment of inaccurate information, No Penalty: Bombay HCÂ [Read Order]")
Bihar Govt. extends 'The Bihar Settlement of Taxation Disputes Act, 2019' for 3 Months [Read Notification]
The Government of Bihar has extended the “Bihar Settlement of Taxation Disputes Act, 2019" for a period of 3 months. The Governor of Bihar empowered under sub-section (3) of Section 1 of The Bihar...
‘Wrong Destination’ not a Ground for Imposing Penalty under GST: Telangana HC [Read Judgment]
The High Court of Telangana held that penalty under the GST Acts cannot be levied on the ground of ‘wrong destination’ and any action of collecting penalty under threat of detention of the vehicle...
![‘Wrong Destination’ not a Ground for Imposing Penalty under GST: Telangana HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/05/Wrong-Destination-GST-Penalty-Telangana-High-Court-Taxscan.jpg "‘Wrong Destination’ not a Ground for Imposing Penalty under GST: Telangana HC [Read Judgment]")
![Kerala Govt. launches Amnesty Scheme 2020 to settle Pre-GST Tax Arrears [Read Circular]](https://www.taxscan.in/wp-content/uploads/2020/02/Unresolved-GST-issues-GST-Amnesty-Scheme-Taxscan.jpg "Kerala Govt. launches Amnesty Scheme 2020 to settle Pre-GST Tax Arrears [Read Circular]")