![Penalty won’t attract on Rejection of an Application under PMGK Scheme: Delhi HC allows an Income Tax Practitioner’s Plea [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/04/PMGKY-Scheme-Taxscan.jpg "Penalty won’t attract on Rejection of an Application under PMGK Scheme: Delhi HC allows an Income Tax Practitioner’s Plea [Read Judgment]")
Penalty won’t attract on Rejection of an Application under PMGK Scheme: Delhi HC allows an Income Tax Practitioner’s Plea [Read Judgment]
A division bench of the Delhi High Court, on Monday held that penalty under section 271AAC of the Income Tax Act, 1961 would not attract when an...
CCI imposes Penalty of 1 Cr on Ghaziabad Development Authority for Abuse of its Dominant Position [Read Order]
Cease and Desist Order was also issued against GDA. The Competition Commission of India ( CCI ) has found GDA to be in contravention of the provisions of Section 4(1) read with Section 4(2)(a)(i)...
![ITAT deletes Penalty since Notice u/s 274 was issued without Application of Mind [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Notice-Taxscan.jpg "ITAT deletes Penalty since Notice u/s 274 was issued without Application of Mind [Read Order]")
Penalty won’t attract When the Addition on Account of Deeming Fiction is based on some kind of estimate given by Govt. Valuer: ITAT [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal comprising N.K. Saini, (Accountant Member) and Amit Shukla, (Judicial Member) said that penalty cannot be levied when the addition on account of...
![Penalty won’t attract When the Addition on Account of Deeming Fiction is based on some kind of estimate given by Govt. Valuer: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "Penalty won’t attract When the Addition on Account of Deeming Fiction is based on some kind of estimate given by Govt. Valuer: ITAT [Read Order]")
ITAT deletes Penalty Order against SBI for Non-Deduction of TDS on interest paid on FDRs [Read Order]
Agra bench of Income Tax Appellate Tribunal (ITAT) granted relief to State Bank of India (SBI) from penalty imposed by the Assessing Officer (AO) on account of non-deduction of Tax at Source (TDS). ...
![ITAT deletes Penalty Order against SBI for Non-Deduction of TDS on interest paid on FDRs [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/CA-SBI-Taxscan.jpg "ITAT deletes Penalty Order against SBI for Non-Deduction of TDS on interest paid on FDRs [Read Order]")
No Penalty If Assessee Discloses Transaction of Sale of Agricultural Land in the hands of assessee’s HUF as the Property was Ancestral: ITAT [Read Order]
Indore bench of Income Tax Appellate Tribunal (ITAT) deleted the penalty imposed by the Assessing Officer (AO) by considering the fact that the assessee conceded the transaction of Sale of...
![No Penalty If Assessee Discloses Transaction of Sale of Agricultural Land in the hands of assessee’s HUF as the Property was Ancestral: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Agricultural-Land.jpg "No Penalty If Assessee Discloses Transaction of Sale of Agricultural Land in the hands of assessee’s HUF as the Property was Ancestral: ITAT [Read Order]")