News

The income tax portal is displaying a technical glitch, blocking audited assessees from filing their ITRs, showing an incorrect 139(1) time-lapse error.

ITR Filing Disrupted for Audited Taxpayers Due to Portal Glitch, Here's What You Need to Know

Orders

GST authorities levy penalty of Rs 41,33,84,165 on Torrent Pharmaceuticals Limited for export refund discrepancy.

Torrent Pharmaceuticals Gets Rs 41.33 Crore Central GST Penalty for Export Refund Discrepancy

Judgement

The J&amp;K and Ladakh High Court has ruled that trade between J&amp;K and PoK is intra-state and fully covered under the GST Act.

Barter Trade Between J&K and PoK Treated as Intra-State Supply under GST, Rules High Court

The Rail Vikas Nigam Limited received a penalty order of Rs 977,040 for breach of Regulation 17(1), 18(1) and 19(1)(2)- Non-compliance.

RVNL Faces Penalty Order for Board Composition Non-Compliance

Tribunal holds that technical delay in audit report cannot deny genuine charitable exemption; directs AO to reconsider claim after verifying Form 10B

ITAT Condones Delay in Filing Form 10B; Allows MIG Cricket Club’s Exemption Claim Under Sections 11 & 12

Tribunal finds no inaccurate particulars in capitalisation, forex loss, or Form 26AS mismatch; penalty under Section 271(1)(c) unsustainable

ITAT Deletes Penalty; Holds Disallowances Were Purely Bonafide and Not Concealment

ITAT Deletes Penalty on Foodservice Packaging Company; Holds Disallowances Were Purely Bonafide and Not Concealment

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