![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]")
Gaurav Sharma Food Industry denied Benefit of Tax Reduction to Consumers: NAA imposes Penalty [Read Order]
The National Anti-Profiteering Authority (NAA) found M/s Gaurav Sharma Food Industry denied the benefit of tax reduction to consumers and imposed...
![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]](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]](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]](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]")
![No Penalty If Non-Furnishing Tax Audit Report was due to Bona fide reasons: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/10/Tax-Audit-Reports-CBDT-Taxscan.jpg "No Penalty If Non-Furnishing Tax Audit Report was due to Bona fide reasons: ITAT [Read Order]")
![NCLAT confirms Penalty on Adani Gas for Abuse of Dominant Position [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/site-image3-12-5.jpg "NCLAT confirms Penalty on Adani Gas for Abuse of Dominant Position [Read Order]")
No Automatic Immunity from Penalty to Co-Noticees that main Noticee has been settled: CESTAT [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi held that there is no automatic immunity from Penalty for improper importation to co-noticees that main noticee has been...
![No Automatic Immunity from Penalty to Co-Noticees that main Noticee has been settled: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Compounding-Offence-CESTAT-Taxscan.jpg "No Automatic Immunity from Penalty to Co-Noticees that main Noticee has been settled: CESTAT [Read Order]")
No Penalty merely on basis of Admission during Search without Incriminating Materials: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has held that the penalty under section 271(c)(1) of the Income Tax Act cannot be made merely on the basis of the declaration made by...
![No Penalty merely on basis of Admission during Search without Incriminating Materials: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/site-image3-9-2.jpg "No Penalty merely on basis of Admission during Search without Incriminating Materials: ITAT [Read Order]")