Judgement

Income Tax Appellate Tribunal rules that additions under Sections 68 and 69 cannot survive when transactions are properly explained through audited books of account, statutory returns, and complete banking records

Income Tax: Section 68/69 Additions Fail When Proper Books, Returns and Bank Records Exist

Articles

The Finance Ministry informed about revenue collected from Aadhaar-PAN delay fees, GST late filing penalties, and bank charges for minimum balance and SMS services over recent years.

Govt Discloses Data on Aadhaar-PAN Fines, GST Return Filing Delays and Bank Service Charges

The Ministry of Finance outlined existing GST rates on assistive devices & explained why further exemptions depend on the GST Council.

GST Relief on Disability Aids? Govt Responds in Lok Sabha

Orders

ROC imposed a penalty on Hosak Industries and Officers for failing to File Reconciliation of Share Capital Audit Report.

ROC Action: Penalty Imposed on Company and Officers for Delayed PAS-6 Filing

The ITAT ruled that the provisional registration earlier granted should be treated as regular registration under Form10AB.

ITAT Grants Relief to Old Charitable Trust on Section 12A and 80G Application Rejection

The Tribunal quashed the CIT(A)'s order and restored the matter, subject to a payment of a cost of Rs 10,000 to the Prime Minister's National Relief Fund.

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Income Tax: Section 68/69 Additions Fail When Proper Books, Returns and Bank Records Exist

Govt Discloses Data on Aadhaar-PAN Fines, GST Return Filing Delays and Bank Service Charges

GST Relief on Disability Aids? Govt Responds in Lok Sabha

ROC Action: Penalty Imposed on Company and Officers for Delayed PAS-6 Filing

ITAT Grants Relief to Old Charitable Trust on Section 12A and 80G Application Rejection

ITAT Condones delay in Filing Income Tax Appeal Subject to payment in Prime Minister National Relief Fund