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Delhi HC Cancels Tax Penalty U/S 271(1)(c) Due to Defective Notice
The Delhi HC has mentioned that a penalty levied u/s 271(1)(c) of IT act, 1961, cannot be sustained if the notice issued to the taxpayer did not mention the specific limb under which the penalty proceedings are proposed.
SC Upholds Allahabad HC Ruling on ₹90.62 Lakh GST Demand for Lack of E-Way Bill
The Supreme Court, while upholding the decision of the Allahabad High Court, recently declined to interfere in a case involving a GST demand of ₹90.62 lakh imposed due to the absence of a valid e-way bill at the time of interception.
Govt Revises Clear Float Glass Import Policy with ₹34,000/MT Minimum Price for One Year
The Government of India has changed the import policy and its conditions regulating imports of Clear Float Glass of thickness varying from 4 mm to 12 mm, falling under ITC (HS) Codes 70051090 and 70052990 under Chapter 70 of Schedule-I (Import Policy) of ITC (HS), 2022.
Delhi ITAT Deletes Tax Penalty on Salaried Person for Failing to File ITR Even With ₹30 Lakh Income
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) removed the penalty of Rs. 3,74,072 levied on a salaried employee who had not submitted his original ITR despite earning over Rs. 30 lakh.

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