![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 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...
![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]](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]")
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 application filed under the Pradhan Mantri Garib kalian...
![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 Notice issued without stating Reasons for Furnishing Inaccurate particulars, Concealment of Wealth is Invalid: ITAT [Read Order]
In T.S.Kalyana Chakravarthy v. Dy Director of Wealth Tax IT & TP, the. Visakhapatnam bench of the Income Tax Appellate Tribunal (ITAT) recently held that the penalty notice can be issued under...
Penalty Proceedings without Application of Mind by Assessing Officer is Invalid: ITAT [Read Order]
The Cuttack bench of Income Tax Appellate Tribunal (ITAT) has recently ruled that penalty proceeding initiated without the application of mind by the Assessing Officer is invalid. In the present case...
![Penalty Proceedings without Application of Mind by Assessing Officer is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "Penalty Proceedings without Application of Mind by Assessing Officer is Invalid: ITAT [Read Order]")
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]")