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![CBIC authorizes Customs Officers to adjudge Confiscation / Penalty [Read Notification]](https://www.taxscan.in/wp-content/uploads/2018/06/Customs-CBIC-Taxscan.jpg "CBIC authorizes Customs Officers to adjudge Confiscation / Penalty [Read Notification]")
CBIC authorizes Customs Officers to adjudge Confiscation / Penalty [Read Notification]
The Central Board of Indirect Taxes and Customs ( CBIC ) have notified the officers who are empowered to adjudge confiscation or penalty under the...
![Penalty paid to Stock Exchange is a regular Business Expenditure: ITAT allows Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Business-Income-Taxscan.jpg "Penalty paid to Stock Exchange is a regular Business Expenditure: ITAT allows Deduction [Read Order]")
![Penalty u/s 271(1)(c) can’t be Imposed when Income is determined on Estimate Basis: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Penalty u/s 271(1)(c) can’t be Imposed when Income is determined on Estimate Basis: ITAT [Read Order]")
![CESTAT confirms Penalty as Assessee Wrongfully availed Credit knowing that ‘ Trading Activity ’ was not a Taxable Activity [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Trading-Activity-Credit-Penalty-Taxscan.jpg "CESTAT confirms Penalty as Assessee Wrongfully availed Credit knowing that ‘ Trading Activity ’ was not a Taxable Activity [Read Order]")
Penalty under Section 271B can’t be levied for Failure to get Accounts Audited under Section 44AB: ITAT [Read Order]
In Roshini Devi vs. Income Tax Officer, the Jaipur Bench of the Income Tax Appellate Tribunal ( ITAT ) held that penalty under Section 271B of the Income Tax Act, 1961 cannot be levied for non-audit...
![Penalty under Section 271B can’t be levied for Failure to get Accounts Audited under Section 44AB: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "Penalty under Section 271B can’t be levied for Failure to get Accounts Audited under Section 44AB: ITAT [Read Order]")
![Offering Income under a Wrong Head would not attract Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/ITAT-Taxscan.jpg "Offering Income under a Wrong Head would not attract Penalty: ITAT [Read Order]")
![Penalty u/s 114 can’t be ground for refusing renewal of Customs Broker License: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Customs-Broker-License-Taxscan.jpg "Penalty u/s 114 can’t be ground for refusing renewal of Customs Broker License: CESTAT [Read Order]")
![Penalty under Rule 26 of Central Excise Rules is leviable on Natural Person Only: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/Penalty-TaxScan.jpg "Penalty under Rule 26 of Central Excise Rules is leviable on Natural Person Only: CESTAT [Read Order]")
CESTAT grants Relief to Mercedes Benz: Sets aside Penalty for erroneous CENVAT Credit Claim [Read Order]
The Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) Mumbai on April 4th partly allowed an appeal filed by Mercedes Benz India Pvt. Ltd. by setting aside a penalty imposed on them due...
![CESTAT grants Relief to Mercedes Benz: Sets aside Penalty for erroneous CENVAT Credit Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Mercedes-Benz-Taxscan.jpg "CESTAT grants Relief to Mercedes Benz: Sets aside Penalty for erroneous CENVAT Credit Claim [Read Order]")
![No Penalty against CHA for Unknowingly Filling Shipping Bills of Prohibited Goods: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/11/CESTAT-Taxscan.jpg "No Penalty against CHA for Unknowingly Filling Shipping Bills of Prohibited Goods: CESTAT [Read Order]")