Levy of penalty for delay in Submission of Documents - ...

Tribunal Affirms Proportional Penalty for Delay in Document Submission, No Intentional Delay or Revenue Impact Found.

March 28, 2024

Case Laws Customs AT

Levy of penalty for delay in Submission of Documents - finalization of the provisional assessments - The Tribunal acknowledged the delay in document submission but noted that eventually, all necessary documents were provided for finalization of the provisional assessments. Citing precedent cases, the Tribunal emphasized that penalties should be proportionate to the offense and that there was no evidence of deliberate delay or revenue implication in this case. The Tribunal found that the penalty of Rs.20,000 imposed by the adjudicating authority was sufficient, considering that the required documents were eventually submitted.

View Source

← Previous Next →

Levy of penalty for delay in Submission of Documents - ...

Tribunal Affirms Proportional Penalty for Delay in Document Submission, No Intentional Delay or Revenue Impact Found.

March 28, 2024

Case Laws Customs AT

You may also like:

First time importers, verification of documents - submission of KYC documents and procedure to be followed

CESTAT appellate tribunal determined copper rod import classification dispute. The tribunal upheld classification under CTH 74081190, rejecting CEPA exemption due to...

Levy a penalty u/s 271G - default of non-submission of documents within stipulated period as required u/s 92D(3) - Though there is a delay on the part of the assessee to...

Levy of maximum Penalty - Delay in submitting the documents for finalization of the Bills of Entry - The Department sought to increase the penalty from Rs. 20,000/- to...

Penalty u/s 271(1)(c) - loss on sale of machinery - The Assessee contested the penalty, arguing that the omission of adding the loss on the sale of machinery to the...

Penalty proceedings u/s. 271(1)(b) - non-compliance with the 3 notices u/s. 142(1) - Delay in late response as per date mentioned in notice - The Tribunal found merit in...

CESTAT Chennai held that penalty u/s 114 Customs Act was not imposed on Respondents for smuggling undeclared cigarettes concealed with gypsum plaster. Penalty was...

Foreign Tax Credit u/s. 90 - Assessee did not file Form 67 at the time of filing of her return of income - Referring to established case law, the Tribunal affirmed that...

Penalty u/s 271(1)(b) - Delay in filing return - The delay in filing the information/documents etc. called for by the AO would be naturally delayed when a person has...

Delay in filling appeal before ITAT - Delay of 68 days involved in filing of the appeal - The Tribunal noted the substantial delay in filing the appeal and the absence...

Legal clarification issued by tax authorities regarding late fee applicability for delayed submission of FORM GSTR-9C. The circular establishes that late fees under...

Directives regarding submission of digitized ANFs, Appendices etc. - The DGFT issued Trade Notice No. 01/2024-25, to digitize the submission of Aayat Niryat Forms (ANFs)...

Levy of Penalty - Amendment in IGM - On going through the section 30(1) read with Clause (iii), it is found that the penalty can be imposed only if there is delay in...

Condonation of delay - delay of 280 days - sufficient cause - The Tribunal noted that the delay was due to the callous and lackadaisical approach of the appellant in not...

HC declined to address allocation of undisclosed Shilpgram Scheme income between parties as factual matter, upholding Tribunal's 70-30 split. On interest charges under s....

Quick Updates: