The registrar penalised a company and its directors for failing to disclose a director’s regularisation in the annual return. The key takeaway is that even clerical omissions attract penalties under the residuary provision.
The Supreme Court examined whether shares received on amalgamation can be taxed as business income when held as stock-in-trade. It ruled that tax arises only if the substitution results in a real, commercially realizable gain, not a mere statutory replacement.
The issue was denial of regular 80G approval due to an inadvertent filing under an incorrect clause. The Tribunal held that a procedural mistake should not bar substantive adjudication.
The trade authority authorises an additional body to issue non-preferential Certificates of Origin. The move expands the official network and eases access for exporters with immediate effect.
The trade authority updates the eBRC format by adding GST-linked fields. The key takeaway is improved linkage between export realisation data and GST records, effective 13 January 2026.
The notification expands the list of designated Food Safety Officers, strengthening enforcement and monitoring of fortified rice standards.
The issue was whether total purchases could be treated as unexplained expenditure under section 69C. The Tribunal held that only the profit element is taxable in a small retail trading business.
he revision targeted 80G deduction and interest under TDS/TCS provisions. The Tribunal found that the Assessing Officer had examined both issues and no prejudice was shown.
The assessee challenged a large section 14A disallowance on procedural and factual grounds. The Tribunal upheld satisfaction but ordered recomputation after excluding mutual fund investments.
Holding that there was no real delay, the Tribunal directed grant of section 80G approval. The decision stresses practical and reasonable interpretation of filing timelines.
