The ITAT, Ahmedabad bench, in a recent decision, ruled that the authorities should take a liberal approach while condoning delay in filing appeals. In the opinion of the single member, While entertaining such petitions, the

The Customs, Excises, and Service Taxes Appellate Tribunal (CESTAT), New Delhi Bench directed the Adjudicating Authority to grant 12% interest on delayed refund. The appellant, M/s J. K. Cement Works has filed the present appeal

In a major relief to Companies, whose directors were disqualified for not filing their financial statements or annual returns for two straight years, violating provisions of the Companies Act, 2013, the Ministry of Corporate Affairs

The Reserve Bank of India ( RBI ), on Friday, issued a notification regarding levy of penal interest on the Banks for delayed reporting of transactions. Presently, penal interest is levied for all cases where

The Central Board of Direct Taxes (CBDT) has condoned the delay in filing of form 10A till 25th November 2022. This is in the light of difficulties reported by the taxpayers and other stakeholders in

The Income Tax Appellate Tribunal (ITAT), Hyderabad has held that the delay in filing Appeal can be condoned if the Chief Accountant, without any bad intention, could not hand over the Assessment to Tax Consultant

Even before the calendar year 2017 is over, the Ministry of Corporate Affairs has issued a Scheme for 2018 – Condonation of Delay Scheme, 2018 – ‘CODS, 2018’. The Scheme has been introduced by issuing

The Central Board of Indirect Taxes & Customs (CBIC) noticed unreasonable delay in the antecedent verifications at certain field information. Thus, the board amended the old circular and inserted that the antecedent verification must be

The Kolkata bench of the Income Tax Appellate Tribunal recently held that the delay in filing appeal can be condoned if the delay was occurred due to non-availability of a proper professional advice. Accordingly, the

The Income Tax Appellate Tribunal (ITAT), Delhi bench has condoned a delay of 12 days in filing an appeal since there was no mistake on the part of the assessee and it was due to

The war has begun. The first missile was fired by the CBIC through the CBEC Members letter F.No. CBEC-20/16/07/2020 Dt. 10.02.2020, wherein it was exhorted that in case of delayed filing of return (GSTR-3B), interest

The Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) Mumbai bench has held that the Commissioner (Appeals), has no power to condone delay beyond three months under the Finance Act, 1994. The assessee

In a recent ruling favoring the assessee, the Income Tax Appellate Tribunal ( ITAT ), Mumbai has condoned a delay of 214 days in filing the appeal by holding that the same was due to

The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the Commissioner (Appeals) shall condone the delay and dispose the appeal on merits if the assessee has not acted in a malafide manner in

The Central Board of Direct Taxes ( CBDT ) has directed its officials to expedite the disposal of condonation applications to admit belated applications in Form No. 9A and Form No.10 in respect of AY