"NFAC Passed Perverse Order Stating Wrong Penalty Amount & Ignoring S.273B Safeguards": ITAT Deletes Penalty u/s 271(1)(b)
The Raipur Bench of the Income Tax Appellate Tribunal (ITAT) has set aside a penalty of Rs. 10,000 imposed under Section 271(1)(b) of the Income Tax ...
![SEBI extends Cybersecurity Framework Compliance Deadline for Regulated Entities [Read Circular]](https://images.taxscan.in/h-upload/2025/07/01/250x150_2057540-sebi-1.webp "SEBI extends Cybersecurity Framework Compliance Deadline for Regulated Entities [Read Circular]")
![ITAT Condones 66-day Delay in Filing Appeal due to COVID Lockdown and CAs Preoccupation [Read Order]](https://images.taxscan.in/h-upload/2025/07/01/250x150_2057555-condones-delay-covid.webp "ITAT Condones 66-day Delay in Filing Appeal due to COVID Lockdown and CAs Preoccupation [Read Order]")
Tax Professionals, Income Taxpayers under Confusion as Portal Turns on ITR-2 and ITR-3 for e-Filing Momentarily
Income-tax professionals and individual taxpayers were left scrambling this morning after the Income TaxDepartment’s e-Filing portal unexpectedly displayed options for ITR-2 and ITR-3 forms during a...
ITAT Faults CIT(E) for Dismissing Fresh Applications on Procedural Grounds, Directs applications Filed Within CBDT Deadline to be Considered on Merits [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has set aside the orders of the Commissioner of Income Tax (Exemption) [CIT(E)] for rejecting fresh applications filed by the...
![ITAT Faults CIT(E) for Dismissing Fresh Applications on Procedural Grounds, Directs applications Filed Within CBDT Deadline to be Considered on Merits [Read Order]](https://images.taxscan.in/h-upload/2025/07/01/500x300_2057476-itat-application-taxscan.webp "ITAT Faults CIT(E) for Dismissing Fresh Applications on Procedural Grounds, Directs applications Filed Within CBDT Deadline to be Considered on Merits [Read Order]")
Eight Years of GST: Eight Major Pain Points of Consumers, Businesses, Practitioners, and Bureaucracy
The Goods and Services Tax (GST), launched on July 1, 2017, was hailed as a transformative reform to unify India’s indirect tax system. Over the past eight years, GST has expanded the tax base and...
Finance Ministry Updates Customs Tariff Values for Palm Oil, Soya Bean Oil, Gold and Silver, and Areca Nuts [Read Notification]
The Central Board of Indirect Taxes and Customs (CBIC), under the Ministry of Finance, has issued Notification No. 44/2025-Customs (N.T.), dated June 30, 2025, updating the customs tariff value...
![Finance Ministry Updates Customs Tariff Values for Palm Oil, Soya Bean Oil, Gold and Silver, and Areca Nuts [Read Notification]](https://images.taxscan.in/h-upload/2025/07/01/500x300_2057504-finance-ministry-revised-customs-tariff-values-customs-tariff-values-for-palm-oil-taxscan.webp "Finance Ministry Updates Customs Tariff Values for Palm Oil, Soya Bean Oil, Gold and Silver, and Areca Nuts [Read Notification]")
