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![J&K High Court Stays ₹16,260 Crore GST Demand Against Jammu & Kashmir Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/JK-High-Court-GST-Demand-Jammu-taxscan.jpg "J&K High Court Stays ₹16,260 Crore GST Demand Against Jammu & Kashmir Bank [Read Order]")
J&K High Court Stays ₹16,260 Crore GST Demand Against Jammu & Kashmir Bank [Read Order]
In a recent order, the High Court of Jammu & Kashmir and Ladakh stayed the recovery of a GST demand and penalty totaling Rs. 16,261 crore issued...
![Notice u/s 271(1)(c) of Income Tax Act Must Specify Reason for Penalty Imposition: J&K HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Ladakh-High-Court-JK-HC-Jammu-and-Kashmir-High-Court-section-2711c-section-2711c-Income-Tax-Act-Penalty-Penalty-imposition-TAXSCAN.jpg "Notice u/s 271(1)(c) of Income Tax Act Must Specify Reason for Penalty Imposition: J&K HC [Read Order]")
![Appellate Authority cannot Condone Delay beyond 4 Months u/s 107 of CGST Act: Jammu & Kashmir HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Jammu-Kashmir-High-Court-CGST-Central-Goods-and-Service-Tax-Appellate-Authority-section-107-CGST-taxscan.jpg "Appellate Authority cannot Condone Delay beyond 4 Months u/s 107 of CGST Act: Jammu & Kashmir HC [Read Order]")
Loss by Embezzlement being incidental to the Banking Business should be allowed as deduction in the year it is discovered: J & K HC
Justices Alok Aradhe and B. S Walia, in a significant ruling, held that under the provisions of the Income Tax Act, the loss by embezzlement, being incidental to the banking business should be allowed...
