Top
Begin typing your search above and press return to search.

Making a Wrong Claim would not attract Penalty: Delhi HC [Read Judgment]

The Delhi High Court recently held that the penalty under Section 271(1)(c) of the Income Tax Act cannot be automatically levied when the assessee makes a claim of write off which consequently reduces...

Making a Wrong Claim would not attract Penalty: Delhi HC [Read Judgment]
Taxscan Team

Penalty not leviable when Assessment itself is Quashed: ITAT [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) in Sh. Ravinder Taneja v. ACIT, held that the Penalty imposed on the assessee becomes invalid since the assessment under Section 158BC of...

Penalty not leviable when Assessment itself is Quashed: ITAT [Read Order]
Taxscan Team

VAT Return can be revised to Correct Bonafide Errors even though Penalty proceeds were Initiated: Kerala HC [Read Judgment]

The Kerala High Court in the case of The Commercial Tax Officer-I v. C.R. Varghese held that VAT Return can be revised to correct bona fide errors even though Penalty proceeds were initiated. The...

VAT Return can be revised to Correct Bonafide Errors even though Penalty proceeds were Initiated: Kerala HC [Read Judgment]
Taxscan Team

Confiscation and Penalty can’t be Imposed Merely on Ground that Importer of ‘Arms’ was not a 'Renowned' Shooter: CESTAT [Read Order]

The Mumbai bench of Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) in Nishant Sanjay Ghogare v. Commissioner of Customs, Airport, Mumbai, set aside an order for confiscation and penalty...

Confiscation and Penalty can’t be Imposed Merely on Ground that Importer of ‘Arms’ was not a Renowned Shooter: CESTAT [Read Order]
Taxscan Team

No Penalty u/s 271(1)( c ) If Assessee had acted in a Bonafide Manner: ITAT [Read Order]

The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) ruled that the department should not impose the Penalty under section 271(1)(c) of the Income Tax Act if the assessee had acted in a bona fide...

No Penalty u/s 271(1)( c ) If Assessee had acted in a Bonafide Manner: ITAT [Read Order]
Taxscan Team

Non-Availability of Staff not an Excuse to avoid Penalty for Delay in Filing TDS Statement: ITAT [Read Order]

While upholding the penalty proceedings against the Delhi Development Authority Common Wealth Games 2010, the Delhi ITAT held that the assessee, being a Government Corporation cannot take a defence of...

Non-Availability of Staff not an Excuse to avoid Penalty for Delay in Filing TDS Statement: ITAT [Read Order]
Taxscan Team

No Penalty if Assessee Wrongly mentioned PAN in place of TAN in TDS Challan: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT) Lucknow on May 2nd came into the rescue of an assessee who were penalized for mentioning PAN in place of TAN in TDS challan. The assessee, M/s Umatech,...

No Penalty if Assessee Wrongly mentioned PAN in place of TAN in TDS Challan: ITAT [Read Order]
Taxscan Team

Quick Links

Know More

© 2025 Taxscan. All rights reserved.

Powered by  Blink CMS

All Rights Reserved. Copyright @2019
Powered By Hocalwire
X