![Quantification of Penalty depends on Addition made to Income of Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/Penalty-TaxScan.jpg "Quantification of Penalty depends on Addition made to Income of Assessee: ITAT [Read Order]")
Quantification of Penalty depends on Addition made to Income of Assessee: ITAT [Read Order]
While hearing the case of Kamlesh P. Modi and Rohit P. Modi, Ahmedabad bench of Income Tax Appellate Tribunal (ITAT) ruled that quantification of...
![No Penalty since Assessee Voluntarily Surrendered Income, Paid Tax and Explained Its Source: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "No Penalty since Assessee Voluntarily Surrendered Income, Paid Tax and Explained Its Source: ITAT [Read Order]")
![Demand and Penalty based on Third Party Evidence is Invalid: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Evidence-Taxscan.jpg "Demand and Penalty based on Third Party Evidence is Invalid: CESTAT [Read Order]")
![Penalty u/s 271B can’t be initiated for non-furnishing of Tax Audit Report within Due Date: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Audit-Taxscan.jpg "Penalty u/s 271B can’t be initiated for non-furnishing of Tax Audit Report within Due Date: ITAT [Read Order]")
Reason for Reducing the Normal Time Period to Pay the Penalty should be Communicated to the Assessee: Bombay High Court [Read Judgment]
In White Pay LLP vs. The Income tax Officer, a division bench of the Bombay High Court held that the Assessing officer has an obligation to provide reasons to the assessee while reducing the normal...
![Reason for Reducing the Normal Time Period to Pay the Penalty should be Communicated to the Assessee: Bombay High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/04/Penalty-Bombay-High-Court-Taxscan.jpg "Reason for Reducing the Normal Time Period to Pay the Penalty should be Communicated to the Assessee: Bombay High Court [Read Judgment]")
![Assessee can’t be Penalized for the Limitations in Dept’s Online Portal : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Online-Portal-ITAT-Taxscan.jpg "Assessee can’t be Penalized for the Limitations in Dept’s Online Portal : ITAT [Read Order]")
No Penalty If Assessee reversed the Cenvat Credit along with Interest even before Issue of Show Cause Notice: CESTAT [Read Order]
Delhi bench of CESTAT ruled that penalty cannot be levied if Assessee reversed the cenvat credit along with interest even before the issue of show cause notice. The bench was hearing the appeal of...
![No Penalty If Assessee reversed the Cenvat Credit along with Interest even before Issue of Show Cause Notice: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/CENVAT-Credit-Taxscan.jpg "No Penalty If Assessee reversed the Cenvat Credit along with Interest even before Issue of Show Cause Notice: CESTAT [Read Order]")
No Penalty when difference in Declared Income and Assessed Income is on the basis of Assumption and Estimation only: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) recently held that penalty cannot be levied when difference found in the declared income and assessed income is only on the basis of...
No Penalty for Non-Accounting of Raw-materials since Assessee is not Manufacturer or Dealer of such Material: CESTAT [Read Order]
In M/s Anil Enterprises v. CCE, the Customs, Excise, and Service Tax Tribunal ( CESTAT ) ruled that non-accounting of raw materials would not attract penalty since the Assessee is not the manufacturer...
![No Penalty for Non-Accounting of Raw-materials since Assessee is not Manufacturer or Dealer of such Material: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/11/CESTAT-Taxscan.jpg "No Penalty for Non-Accounting of Raw-materials since Assessee is not Manufacturer or Dealer of such Material: CESTAT [Read Order]")
No Penalty for Delay in filing Return since Assessee was unaware of IT Provisions and Dept did not inform responsibilities: ITAT [Read Order]
In Sub Registrar Dhansura v. Director of Income Tax, the Ahmedabad bench of Income Tax Appellate Tribunal (ITAT) recently ruled that no penalty can be levied for delay in filing Annual Income Tax...
![No Penalty for Delay in filing Return since Assessee was unaware of IT Provisions and Dept did not inform responsibilities: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Return-Filing-Taxscan.jpg "No Penalty for Delay in filing Return since Assessee was unaware of IT Provisions and Dept did not inform responsibilities: ITAT [Read Order]")
![Delhi HC confirms Penalty since Assessee not Disclosed the Source of Income [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/03/Penalty-Delhi-High-Court-Taxscan.jpg "Delhi HC confirms Penalty since Assessee not Disclosed the Source of Income [Read Judgment]")