Penalty cannot be imposed on Central Bank of India for non-deduction of TDS on Interest earned on FDs of NOIDA: Allahabad HC
In a recent ruling, a division bench of the Allahabad High Court held that the assessee-Bank  cannot be treated as assesse-in-default for...
![Appeals Related to Penalty only can be settled through the Direct Tax Dispute Resolution Scheme, 2016: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Kerala-High-Court-Tax-Scan.jpg "Appeals Related to Penalty only can be settled through the Direct Tax Dispute Resolution Scheme, 2016: Kerala HC [Read Judgment]")
ITAT Confirms Penalty Order passed on the Basis of Alleged Undisclosed HSBC Bank Account in Switzerland [Read Order]
The ITAT Delhi recently confirmed an order penalty passed under section 271(1)(a) of the Income Tax Act passed on the basis of Information about undisclosed HSBC Bank Account in Switzerland. In the...
![ITAT Confirms Penalty Order passed on the Basis of Alleged Undisclosed HSBC Bank Account in Switzerland [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/06/HSBC-Bank-Account.jpg "ITAT Confirms Penalty Order passed on the Basis of Alleged Undisclosed HSBC Bank Account in Switzerland [Read Order]")
Delay in Filing E-TDS Return due to Non-availability of PAN of Deductees would not render Penalty: ITAT Jaipur [Read Order]
In a recent ruling, the ITAT, Jaipur bench held that penalty cannot be levied under Income Tax Act if the assessee failed to file E-TDS return within the stipulated time frame due to non-availability...
![Delay in Filing E-TDS Return due to Non-availability of PAN of Deductees would not render Penalty: ITAT Jaipur [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/No-Penalty-TaxScan.jpg "Delay in Filing E-TDS Return due to Non-availability of PAN of Deductees would not render Penalty: ITAT Jaipur [Read Order]")
Non-Enclosure of Audit Report to Return of Income would not attract Penalty: ITAT Hyderabad [Read Order]
In a recent ruling, the Hyderabad ITAT ruled that non- enclosure of audit report to the return of income would not attract penalty under section 271B of the Income Tax Act. During the course of...
![Non-Enclosure of Audit Report to Return of Income would not attract Penalty: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Audit-Tax-Scan.jpg "Non-Enclosure of Audit Report to Return of Income would not attract Penalty: ITAT Hyderabad [Read Order]")
No Penalty If Assessee Discloses Correct Income during Scrutiny Proceedings: ITAT Hyderabad [Read Order]
In Kalwa Bhaskar v. ACIT, the division bench of the Income Tax Appellate Tribunal (ITAT), Hyderabad held that penalty under Section 271(1)(c) of the income Tax Act is not leviable in a case where the...
![No Penalty If Assessee Discloses Correct Income during Scrutiny Proceedings: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "No Penalty If Assessee Discloses Correct Income during Scrutiny Proceedings: ITAT Hyderabad [Read Order]")
Quoting of Wrong Section would not make Penalty Order Invalid If Assessee had No Objection during the Course of Proceedings: ITAT Delhi [Read Order]
The Delhi ITAT, in a recent ruling, held that imposing penalty by quoting wrong section would not itself make the entire proceedings invalid if the assessee had not raised any objection during...
![Quoting of Wrong Section would not make Penalty Order Invalid If Assessee had No Objection during the Course of Proceedings: ITAT Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/Penalty-TaxScan.jpg "Quoting of Wrong Section would not make Penalty Order Invalid If Assessee had No Objection during the Course of Proceedings: ITAT Delhi [Read Order]")
Redemption Fine and Penalty exceeding 10% and 5% of Value of Goods is not Permissible: CESTAT Bangalore [Read Order]
While disposing 17 appeals together by a common order, the CESTAT Bangalore, recently held that imposition of redemption fine and penalty cannot exceed 10% and 5% the value of imported goods. The...