![Not Specifying Exact Charge against Assesse while invoking Penalty is against Natural Justice Principles: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "Not Specifying Exact Charge against Assesse while invoking Penalty is against Natural Justice Principles: ITAT Mumbai [Read Order]")
Not Specifying Exact Charge against Assesse while invoking Penalty is against Natural Justice Principles: ITAT Mumbai [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, on Wednesday furnished an order which ensures that taxpayers are not charged a penalty for...
![Penalty can’t be imposed for Non-Deduction of TDS If Default was due to Wrong Classification of Payments: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/TDS-Taxscan.jpg "Penalty can’t be imposed for Non-Deduction of TDS If Default was due to Wrong Classification of Payments: ITAT [Read Order]")
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...
![Non-Imposition of Penalty in Assessment Order Constitute Error causing Prejudice to the Interest of Revenue: ITAT Upholds Revision [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Non-Imposition of Penalty in Assessment Order Constitute Error causing Prejudice to the Interest of Revenue: ITAT Upholds Revision [Read Order]")
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...
Disallowance of Additional Depreciation Claim would not Attract Penalty Provisions, says ITAT [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has held that disallowance of additional depreciation claim would not attract any penalty. The Tribunal bench comprising of D.T.Garasia...
![Disallowance of Additional Depreciation Claim would not Attract Penalty Provisions, says ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Depreciation-Taxscan.jpg "Disallowance of Additional Depreciation Claim would not Attract Penalty Provisions, says ITAT [Read Order]")