Allahabad High Court rules GST penalty invalid where e-way bill was delayed due to technical reasons and no intent to evade tax was found.
CESTAT Delhi held that since amendment u/s. 134 of the Finance Act, 2023 has not come into force, the present anti-dumping appeal would be maintainable before the Tribunal u/s. 9C of the Customs Tariff Act.
SIA 210 mandates internal auditors acquire detailed knowledge of the entity’s environment, operations, and risks. This knowledge is crucial for effective audit planning, procedure design, and risk identification.
ITAT Agra holds surrendered jewellery and cash as business income, not unexplained under Sections 69A/69B; Revenue’s appeal dismissed.
Delhi High Court sets aside GST order for denial of hearing; directs fresh adjudication. Validity of GST time extension notifications left to Supreme Court.
ICAI SIA 160 outlines internal auditor responsibilities for assessing compliance frameworks, identifying gaps, and reporting non-compliance, while management retains ultimate responsibility.
Madras HC set aside rejection of refund under Section 54(3) of the CGST Act for a cotton yarn manufacturer, holding that CBIC Circular No.135/05/2020-GST cannot override statutory provisions. The court relied on rulings of other High Courts that had struck down the circular as ultra vires.
Karnataka HC ruled that refund of unutilised Input Tax Credit under Section 54(3)(ii) of CGST Act is permissible even if input and output goods are identical, holding that restriction in earlier circulars was deleted and revised circular applies retrospectively.
SIA 150 clarifies management and internal auditor roles in risk management. It defines the framework, steps, and requirements for auditors to assess and provide assurance on the effectiveness of organizational risk processes.
ICSI reports numerous technical issues—including OTP failures, data errors, and DSC problems—on the MCA-21 V3 portal and requests an extension for annual filings and relaxation of additional fees until December 31, 2025.
