![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]")
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...
![No Penalty when Income of Assessee is determined on an Estimate Basis: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/No-Penalty-TaxScan.jpg "No Penalty when Income of Assessee is determined on an Estimate Basis: ITAT [Read Order]")
Specific Charge of Alleged Concealment and or Furnishing of Inaccurate particulars of Income is Mandatory for Levying Penalty: ITAT [Read Order]
The Income Tax Appellate Tribunal recently in its order ruled that in order to levy penalty under section 271(1) (c) of the Income Tax Act, specific charge of alleged concealment and or furnishing of...
![Specific Charge of Alleged Concealment and or Furnishing of Inaccurate particulars of Income is Mandatory for Levying Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/Penalty-TaxScan.jpg "Specific Charge of Alleged Concealment and or Furnishing of Inaccurate particulars of Income is Mandatory for Levying Penalty: ITAT [Read Order]")
No Penalty If determination of Arm’s Length Price has not lead to any Transfer Pricing Adjustment, with no effect on income of the assessee: ITAT [Read Order]
Delhi bench of Income Tax Appellate Tribunal (ITAT) recently held that if determination of arm’s length price has not lead to any transfer pricing adjustment and with no effect on income of the...
![No Penalty If determination of Arm’s Length Price has not lead to any Transfer Pricing Adjustment, with no effect on income of the assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "No Penalty If determination of Arm’s Length Price has not lead to any Transfer Pricing Adjustment, with no effect on income of the assessee: ITAT [Read Order]")
GST: Allahabad HC Quashes Penalty imposed by Transit State on Consignment without Transport Declaration Form [Read Order]
A division bench of the Allahabad High Court, while quashing a penalty imposed under the Uttar Pradesh Goods and Services Tax (UPGST) Act, said that a transit State, i.e, Uttar Pradesh, cannot impose...
![GST: Allahabad HC Quashes Penalty imposed by Transit State on Consignment without Transport Declaration Form [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/GST-Transportation-of-Goods.jpg "GST: Allahabad HC Quashes Penalty imposed by Transit State on Consignment without Transport Declaration Form [Read Order]")
![Short-Deduction of Tax due to bonafide Confusion would not attract Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/TDS-Taxscan.jpg "Short-Deduction of Tax due to bonafide Confusion would not attract Penalty: ITAT [Read Order]")
Non-Contest in Proceedings relating to Non-Payment of Service Tax can’t be a Ground for Levying Penalty: Delhi HC [Read Order]
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 Finance Act, 1994 cannot be levied merely on ground that...
![Non-Contest in Proceedings relating to Non-Payment of Service Tax can’t be a Ground for Levying Penalty: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Service-Tax-Taxscan.jpg "Non-Contest in Proceedings relating to Non-Payment of Service Tax can’t be a Ground for Levying Penalty: Delhi HC [Read Order]")
Penalty can’t be Levied for Disallowance of a Claim which was Debatable and Bonafide: ITAT [Read Order]
While dismissing the appeal filed by the revenue the Chandigarh bench of Income Tax Appellate Tribunal (ITAT) held that if disallowance of claim was debatable and bonafied then no penalty under...
Non-Filing of C Form Declarations or Defects in it would not Attract Penalty under CST Act: Madras HC [Read Order]
The Madras High Court, in a recent ruling, held that non-filing of Form C declaration or certain defects in Form C declaration cannot be ground for levying penalty under section 9(2A) of the Central...
![Non-Filing of C Form Declarations or Defects in it would not Attract Penalty under CST Act: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/Madras-High-Court-Taxscan.jpg "Non-Filing of C Form Declarations or Defects in it would not Attract Penalty under CST Act: Madras HC [Read Order]")