Judgement

ITAT deletes Rs. 18.04 lakh penalty under Section 270A, holding that a voluntarily corrected bona fide tax-filing error did not warrant penalty.

ITAT Deletes Rs. 18.04 Lakh Penalty Under Section 270A for Bona Fide Tax-Filing Error

The 57th GST Council proposed RCM on specified waste and scrap supplies and 2% TDS on B2B transactions to improve tax compliance and transparency.

57th GST Council Meeting 2026: New GST Rules Proposed for Waste and Scrap Under RCM and 2% TDS

The ITAT Kolkata cites Supreme Court’s decision in Collector, Land Acquisition Vs Mst. Katiji Case for procedural delay.



ITAT Condones 115-Day Delay in Appeal To Provide Substantive Justice

The ITAT condoned a 115-day delay in appeal filing, directing the CIT(A) to reconsider the case involving an Section 68 addition after providing an adequate opportunity of hearing.

ITAT Restores Income Tax Appeal to CIT(A) After Condoning 115-Day Delay Due to COVID-19 Genuine Hardship

The Commercial Tax Department seized firecracker stock worth over Rs 10 crore from three shops on Muzaffarpur’s Garib Sthan Road following a two-day GST investigation that revealed discrepancies in stock records.

Major GST Crackdown in Muzaffarpur: Firecrackers Worth More Than Rs 10 Crore Seized from Three Shops, Traders in Panic

The ITAT Mumbai allows key tax deductions and remands head office expenses for fresh examination.

ITAT Deletes Disallowances on Foreign Currency Loan Interest and Forex Loss in American Express Bank Case

The ITAT allowed Geecee Ventures Limited’s appeal, holding the Section 148 notice invalid due to the absence of approval from the specified authority under Section 151 and declaring the consequential reassessment order void ab initio.

ITAT Quashes Reassessment Order Against Geecee Ventures Over Lack of Section 151 Approval From Specified Authority

FM Nirmala Sitharaman announces a proposed faceless GST administration system to simplify tax compliance for around 2 lakh multi-state taxpayers through a single-window service.


Nirmala Sitharaman Announces Faceless GST Administration System for 2 Lakh Taxpayers Operating Across Multiple States

India has withdrawn the special tax benefit for banks importing gold, silver and platinum, making them liable to pay 3% IGST to ensure tax parity across different import routes.

India Withdraws Tax Benefits for Banks on Gold, Silver and Platinum Imports

STA files two cybercrime complaints over fake e-challan payment scams and suspected unauthorised alterations to learner’s licence data on the Sarathi portal.

STA Files Two Cybercrime Complaints Over Fake E-Challan Messages, Sarathi Data Alteration

Income Tax

Finance

ICAI

ITAT Delhi

ITAT

Chartered Accountant

CBDT

Institute of Chartered Accountants of India

The ITAT Mumbai restores appeal to CIT(A) after dismissal without decision on merits.

ITAT Remands Ex-Parte Appeal for Fresh Adjudication

The ITAT restored appeal to the CIT(A) for fresh adjudication after finding that the appeal had been dismissed ex parte without deciding the grounds on merits. 

ITAT Deletes Rs. 18.04 Lakh Penalty Under Section 270A for Bona Fide Tax-Filing Error:

ITAT Deletes Rs. 18.04 Lakh Penalty Under Section 270A for Bona Fide Tax-Filing Error

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