Wednesday, January 22, 2020

No Penalty can be Imposed on Partners, If Penalty has been imposed on Partnership Firm: CESTAT [Read Order]

The Ahmedabad bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has reduced the penalty on account of ‘no monetary benefits’ to Appellant and has held that when penalty is imposed on partnership firm, penalty cannot be imposed on partnership firm, citing the decision of Hon’ble High Court of Gujarat. The appeals have […]

The post No Penalty can be Imposed on Partners, If Penalty has been imposed on Partnership Firm: CESTAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.



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