![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]")
Demand and Penalty based on Third Party Evidence is Invalid: CESTAT [Read Order]
The Delhi bench of Customs, Excise and Service Tax Appellate Tribunal while setting aside the impugned order granted a relief to Appellant and held...
![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]](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]](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 when difference in Declared Income and Assessed Income is on the basis of Assumption and Estimation only: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "No Penalty when difference in Declared Income and Assessed Income is on the basis of Assumption and Estimation only: ITAT [Read Order]")
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]")
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...
