![Penalty u/s 271(1)(c) is not Leviable when Income was Charged under MAT Provisions: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "Penalty u/s 271(1)(c) is not Leviable when Income was Charged under MAT Provisions: ITAT Kolkata [Read Order]")
Penalty u/s 271(1)(c) is not Leviable when Income was Charged under MAT Provisions: ITAT Kolkata [Read Order]
In DCIT v. M/s Associate Alcohols & Breweries Ltd, the division bench of the Kolkata ITAT held that penalty under section 271(1)(c) of the Income...
![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]](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]](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...
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...
Time Limit for Initiation of Penalty starts from the date on which the AO writes letter to the ACIT recommending the issuance of SCN: Delhi HC
The division bench of the Delhi High Court in Principal CIT v. Mahesh Wood Products Pvt Ltd, held that the time limitation for "initiation" of penalty proceedings under section 275(1)(c) of the Income...
Penalty on CAs for Filing Wrong Information: Plea in Madras HC Challenging Vires of Sec 271J of Income Tax Act [Read Petition]
Madras High Court sought response from Finance Ministry and Central Board of Direct Taxes (CBDT). A petition has been filed in the Madras High Court challenging the newly inserted section 271J of...
![Penalty on CAs for Filing Wrong Information: Plea in Madras HC Challenging Vires of Sec 271J of Income Tax Act [Read Petition]](https://www.taxscan.in/wp-content/uploads/2017/02/CA-Taxscan.jpg "Penalty on CAs for Filing Wrong Information: Plea in Madras HC Challenging Vires of Sec 271J of Income Tax Act [Read Petition]")
Lack of Mensrea is not a bar to Impose Penalty on the Custodian of an Illicitely Exported Goods: Madras HC [Read Judgment]
The division bench of Madras High Court in M/s. Sanco Trans Ltd vs The Customs, Excise and Service Tax Appellate Tribunal, South Zonal Bench, held that, Any knowledge on the part of the custodian of...
Presence of mens rea is Necessary Constituent for Imposing Penalty under Sec 78 of the Finance Act, 1994: Chhattisarh HC
In a recent ruling, the Chhattisgarh High Court held that, presence of mens rea is necessary constituent for imposing penalty under section 78 of the Finance Act, 1994. The petitioner M/s. Mahadev...
