![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]")
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...
![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]")
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]")
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]")