![Penalty is not leviable on Ground of Mere Disallowance of Expenditure Claimed: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "Penalty is not leviable on Ground of Mere Disallowance of Expenditure Claimed: ITAT Mumbai [Read Order]")
Penalty is not leviable on Ground of Mere Disallowance of Expenditure Claimed: ITAT Mumbai [Read Order]
In a recent ruling, the Mumbai ITAT quashed the penalty proceedings initiated against the assessee under section 271(1)(c) of the Income Tax Act and...
![Penalty cannot be Levied where the Assessee has relied on Legal Opinion of a Professional and there is No Tax Impact: Punjab & Haryana HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Punjab-and-Haryana-High-Court-Tax-Scan.jpg "Penalty cannot be Levied where the Assessee has relied on Legal Opinion of a Professional and there is No Tax Impact: Punjab & Haryana HC [Read Judgment]")
Power to Impose Penalty u/s 47(6) of KVAT Act is not Absolute; Quantum of Penalty must be ascertained to the Gravity of Offence: Kerala HC [Read Judgment]
In a recent decision, the division bench of the Kerala High Court held that he power vested on the officer to impose penalty u/s 47(6) of the KVAT Act is not absolute and the officer cannot impose...
Penalty cannot be levied on a Govt Authority who defaults Service Tax payment without Intention: CESTAT Delhi [Read Order]
In a recent ruling, the Delhi CESTAT observed that penalty is not leviable on a Government authority who defaulted payment of service tax without any malafide intention to evade tax. In the instant...
![Penalty cannot be levied on a Govt Authority who defaults Service Tax payment without Intention: CESTAT Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/No-Penalty-TaxScan.jpg "Penalty cannot be levied on a Govt Authority who defaults Service Tax payment without Intention: CESTAT Delhi [Read Order]")
![Interest not allowable on Delayed Refund of Penalty deposited: CESTAT Ahmedabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/11/Interest.jpg "Interest not allowable on Delayed Refund of Penalty deposited: CESTAT Ahmedabad [Read Order]")
Mere Disallowance of Claim u/s 80-IA of the Income Tax Act would not attract Penalty: ITAT Hyderabad [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal, Hyderabad bench has ruled that mere disallowance of a claim under section 80-IA of the Income Tax Act is not sufficient to initiate penalty...
![Mere Disallowance of Claim u/s 80-IA of the Income Tax Act would not attract Penalty: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Mere Disallowance of Claim u/s 80-IA of the Income Tax Act would not attract Penalty: ITAT Hyderabad [Read Order]")
Penalty cannot be Imposed if there is a difference of Opinion over the Head of Income: ITAT Mumbai [Read Order]
In a recent ruling, the ITAT, Mumbai bench, confirmed that penalty is not leviable where there is a difference of opinion between the assessee and the Revenue as to the head of income under which the...
No Penalty If the Assessee immediately pays evaded Tax on Revenue’s Demand: CESTAT Delhi [Read Order]
In a recent ruling, the Delhi bench of the Customs, Excise and Service Tax Appellate Tribunal held that penalty under section 73(3) of the Finance Act, 1994 cannot be imposed on the assessee even...
No Penalty if the Assessee Admits his Undisclosed Income during the Course of Search Proceedings: ITAT Ahmedabad [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal, recently upheld the order of the Commissioner of Income Tax (Appeals) who, vide its order, set aside the penalty order against the assessee by...