The Tribunal held that an addition cannot be sustained on the basis of a PAN mismatch alone, especially when the assessee, an individual with no business activity, was wrongly linked to a corporate entity.
ITAT Delhi dismissed Revenue’s appeal, confirming deletion of a Rs. 25 crore penalty imposed under Section 271D. Tribunal ruled that penalty, based solely on a seized MOU and assumptions without proof of cash movement, was not legally sustainable.
A summary of how the CBDT’s decision to extend the Tax Audit Report due date without extending the ITR date has eliminated the traditional one-month gap, causing compliance issues.
Some of the concerns which were raised by assessee such as right to privacy of the family being violated, etc., deserve to be addressed as any family-related CCTV footage which was with the GST department and violated the privacy of family members could not be used or disseminated in any manner.
Ministry of Finance releases FAQs on tax treatment under Unified Pension Scheme (UPS), outlining deductions, exemptions, and retirement withdrawal rules.
Rajasthan High Court dismisses a plea seeking a murder case against PM Modi, Amit Shah, and Ravi Shankar Prasad over the CAA protests, calling the claims arbitrary. Petitioner fined ₹50,000.
GSTN enables invoice-wise TDS reporting in Form GSTR-7 starting with the September 2025 return period, with a filing deadline of October 10, 2025.
Supreme Court reinforces that Section 269SS violation doesn’t invalidate a debt under the NI Act. It upheld conviction in Sanjabij Tari vs. Kishore Borcar, stressing presumptions under Sections 118 & 139.
ROC Hyderabad imposed a ₹2,746,500 penalty on a director for violating Section 155 by holding two DINs for 5,393 days. The fine must be paid from personal funds.
ITAT Kolkata deletes S. 270A penalty on St. Peters School for disallowed depreciation. Tribunal ruled the incorrect claim was a bona fide clerical error, not misreporting, citing the Reliance Petro and Price Water House SC judgments.
