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Non-Contest in Proceedings relating to Non-Payment of Service Tax can’t be a Ground for Levying Penalty: Delhi HC [Read Order]

Taxscan Team

In a major relief to M/s Indian Railway Finance Corporation, a division bench of the Delhi High Court held that penalty under section 78 of the...

Penalty can’t be Levied for Disallowance of a Claim which was Debatable and Bonafide: ITAT [Read...

Non-Filing of C Form Declarations or Defects in it would not Attract Penalty under CST Act: Madras...

Not Specifying Exact Charge against Assesse while invoking Penalty is against Natural Justice...

Penalty can’t be imposed for Non-Deduction of TDS If Default was due to Wrong Classification of...

Penalty can’t be Levied for Applying Deemed Provisions of Sec 50C: ITAT [Read Order]

While dismissing an appeal of revenue, Delhi bench of ITAT recently proclaimed that penalty cannot be imposed after making addition by applying deemed provisions of Section 50C of the Income Tax Act,...

Penalty can’t be Levied for Delayed deduction of TDS Amount: ITAT Kolkata [Read Order]

The Income Tax Appellate Tribunal, Kolkata bench recently ordered that the penalty u/s 271C of the Income Tax Act cannot be levied for the delayed deduction of TDS amount. A division bench comprising...

No Penalty If there is a Bonafide belief that Books need not be Subjected to Audit: ITAT Hyderabad [Read Order]

Hyderabad bench of Income Tax Appellate Tribunal held that penalty under section 271B of the Income Tax Act is not leviable where the assessee was under a bonafide belief that books need not be...

No Penalty If Assessee made Bonafide Mistake in Returns and Revised the same Later: ITAT [Read Order]

The Delhi bench of Income Tax Appellate Tribunal has held that penalty under section 271(1)(c) of the Income Tax Act, 1961 would not attract when the asessee made a bonafide mistakes while the...

Non-Imposition of Penalty in Assessment Order Constitute Error causing Prejudice to the Interest of Revenue: ITAT Upholds Revision [Read Order]

While upholding an order of revision, the Income Tax Appellate Tribunal, Kolkata bench recently held that non-initiation of penalty proceedings in the order of assessment would amount to error causing...

Penalty u/s 273B can’t be invoked for Restrictions on Cash Transactions If Assessee had a ‘reasonable cause’ for Violation of Law: ITAT Delhi

The Delhi bench of Income Tax Appellate Tribunal (ITAT) has held that if the assessee had a reasonable cause for violation of law, then penalty under Section 273B of the Income Tax Act 1961 would...

No Penalty If ALP was determined as per section 92C in Good Faith and with Due Diligence: ITAT Delhi [Read Order]

A division bench of the Delhi ITAT, last week held that penalty under section 271(1)(c ) of the Income Tax Act, 1961 cannot be levied if the Arm’s Length Price (ALP) was determined as per the scheme...

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