The Tribunal held that penalty under section 271(1)(c) cannot be imposed when errors are voluntarily corrected during assessment. Bona fide computational mistakes without concealment do not amount to furnishing inaccurate particulars.
The Tribunal upheld deletion of addition as seized loose sheets lacked key details and no supporting evidence proved unaccounted sales. Reliance solely on such documents was held insufficient.
The tribunal held reopening invalid where actual escaped income was below ₹50 lakh. It clarified that jurisdiction depends on real income, not transaction value.
Net direct tax collections for FY 2025–26 grew by 7.19%, primarily supported by a decline in refunds. Lower refund outflows improved overall revenue realization. This reflects stronger fiscal efficiency and better tax administration.
The reform addresses fraudulent activities in cooperative societies by introducing stricter governance and audit mechanisms. It ensures transparency, accountability, and early fraud detection.
The Court held that Magistrates facing pressure from police must not hesitate and can initiate contempt proceedings. The key takeaway is that judicial independence must be protected from any external interference.
A generalized denial without explanation was contested as contrary to Sections 3 and 7(1) of the RTI Act. The applicant emphasized that authorities must provide justified and detailed responses. The case reinforces citizens’ right to information.
Link Up Textiles Private Limited (GST AAAR Tamilnadu) The appeal was filed by the appellant under Section 100(1) of the Central Goods and Services Tax Act, 2017 and the Tamil Nadu Goods and Services Tax Act, 2017 against Advance Ruling No. 42/AAR/2025 dated 08.10.2025 issued by the Tamil Nadu Authority for Advance Ruling (AAR). The […]
The appellate authority condoned an 18-day delay in filing a GST appeal, accepting illness of a key partner as sufficient cause. The case will now proceed for hearing on merits.
The authority condoned a 28-day delay after finding that technical issues on the GST portal prevented timely filing. It held that such circumstances constitute sufficient cause under Section 100(2).
