![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]")
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...
![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]](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]")
No Penalty since Notice u/s 274 do not Specify the Charge against Assessee and does not Strike Out the Inappropriate Words: ITAT [Read Order]
The Kolkata bench of ITAT recently held that penalty cannot be levied since show cause notice issued in the present case under Section 274 of the Income Tax Act does not specify the charge against the...
No GST on Fee paid by litigants in the Consumer Disputes Commissions and Penalty Imposed by Commission
The Goods and Services Tax (GST) Council, on Thursday, decided not to levy GST on the fee paid by litigants in the Consumer Disputes Commissions and any penalty imposed by these Commissions. A press...
Stay can be allowed for Penalty u/s 271(1)(c) if the same is levied as a Result of Enhancement of Income in First Appeal: ITAT [Read Order]
The Income Tax Appellate Tribunal recently ruled that the stay can be allowed for penalty under Section 271(1)(c) of the Income Tax Act, 1961 if the same is levied as a result of enhancement of income...
![Stay can be allowed for Penalty u/s 271(1)(c) if the same is levied as a Result of Enhancement of Income in First Appeal: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/First-Appeal-ITAT-Taxscan.jpg "Stay can be allowed for Penalty u/s 271(1)(c) if the same is levied as a Result of Enhancement of Income in First Appeal: ITAT [Read Order]")
Cash Transaction between Close Family Members for giving a support and help not amount to ‘Loan’ u/s 269SS: ITAT Deletes Penalty [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata bench on Wednesday held that cash transaction between close family members for giving a support and help would not attract penalty under section 269SS...
![Cash Transaction between Close Family Members for giving a support and help not amount to ‘Loan’ u/s 269SS: ITAT Deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Cash-Transaction-Taxscan.jpg "Cash Transaction between Close Family Members for giving a support and help not amount to ‘Loan’ u/s 269SS: ITAT Deletes Penalty [Read Order]")
ITAT confirms Penalty since Assessee failed to Disclose Income during Scrutiny Proceedings as well as Appellate Proceedings [Read Order]
While considering the appeal filed by the assessee Hyderabad bench of Income Tax Appellate Tribunal (ITAT) confirmed penalty imposed by the Assessing Officer (AO) since the assessee failed to disclose...
Penalty can’t be Imposed merely on Ground that the Goods started journey one week after the date of the Invoice: Allahabad HC [Read Order]
A division bench of the Allahabad High Court, in M/S Maa Vindhyavasini Tobacco Pvt. Ltd v. Union of India & Ors, held that penalty cannot be imposed merely on ground that the goods started journey...
![Penalty can’t be Imposed merely on Ground that the Goods started journey one week after the date of the Invoice: Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/GST-Transportation-of-Goods.jpg "Penalty can’t be Imposed merely on Ground that the Goods started journey one week after the date of the Invoice: Allahabad HC [Read Order]")
