![Penalty can’t be levied on the basis of Vague Charges: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "Penalty can’t be levied on the basis of Vague Charges: ITAT [Read Order]")
Penalty can’t be levied on the basis of Vague Charges: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that the penalty under section 271(1)(c) of the Income Tax Act cannot be levied on...
![When Quantum Addition deleted, Consequent Penalty can’t Survive: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/02/Cross-Examination-ITAT-Taxscan.jpg "When Quantum Addition deleted, Consequent Penalty can’t Survive: ITAT [Read Order]")
![No Penalty on the basis of Addition of Notional Income from House Property: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/No-Penalty-TaxScan.jpg "No Penalty on the basis of Addition of Notional Income from House Property: ITAT [Read Order]")
![Amount kept in Impress Account can’t be treated as ‘Business Advance’: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/09/Chartered-Accountant-ITAT-Taxscan.jpg "Amount kept in Impress Account can’t be treated as ‘Business Advance’: ITAT deletes Penalty [Read Order]")
Both Managing Director and Director are Equally responsible to file IT returns of Company: Delhi High Court [Read Judgment]
The Delhi High Court has held that both the Managing Director and the Directors of the Company are responsible to file the income tax returns of the Company under the provisions of the Income Tax Act,...
![Both Managing Director and Director are Equally responsible to file IT returns of Company: Delhi High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/05/Technical-Service-Charges-Delhi-High-Court-Taxscan.jpg "Both Managing Director and Director are Equally responsible to file IT returns of Company: Delhi High Court [Read Judgment]")
CESTAT deletes Penalty since Delay in Payment of Service Tax was due to Financial Crunch [Read Order]
The Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has deleted the penalty order passed against a Company by holding that the delay in paying the service tax by them...
![CESTAT deletes Penalty since Delay in Payment of Service Tax was due to Financial Crunch [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Service-Tax-Taxscan.jpg "CESTAT deletes Penalty since Delay in Payment of Service Tax was due to Financial Crunch [Read Order]")
When Validly Revised Return filed pursuant to notice u/s 153A, is accepted, Defects found in Original Return cannot be considered for Imposing Penalty: ITAT [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) in M/s OSE Infrastructure Ltd. Versus ACIT, held that when a revised return is accepted as per issue of notice under section 153A and...
![When Validly Revised Return filed pursuant to notice u/s 153A, is accepted, Defects found in Original Return cannot be considered for Imposing Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/10/Revised-Return-Taxscan.jpg "When Validly Revised Return filed pursuant to notice u/s 153A, is accepted, Defects found in Original Return cannot be considered for Imposing Penalty: ITAT [Read Order]")
Penalty can’t be levied on a Bonafide Dealer for purchasing Goods from Dealer whose VAT Registration was subsequently Cancelled: Allahabad HC [Read Order]
The Allahabad High Court has recently held that a bonafide dealer cannot be punished for making purchases with a dealer whose registration was subsequently cancelled by the department under the UP...
![Penalty can’t be levied on a Bonafide Dealer for purchasing Goods from Dealer whose VAT Registration was subsequently Cancelled: Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/PAN-Penalty-TAN-Taxscan.jpg "Penalty can’t be levied on a Bonafide Dealer for purchasing Goods from Dealer whose VAT Registration was subsequently Cancelled: Allahabad HC [Read Order]")
CESTAT drops Penalty since Non-payment of Service Tax was due illness of Mother of Partner [Read Order]
The Bangalore bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has dropped the penalty proceedings since the service tax was not paid by the assessee due to the illness of the...