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The Supreme Court confirms that failure to file monthly GST returns, even if taxes are later paid, may constitute wilful suppression, attracting Section 74 ...

December 31 marks the final deadline to submit a revised income tax return, as long as the assessment has not been concluded. Any corrections sought after January 1 will have to be made through an ...

A belated ITR is filed when a taxpayer misses the original filing deadline. As per Section 139 (1) of the Income Tax Act, ...

This explains how most notices arise from differences between ITR data and information available with the tax department through AIS and ...

The issue was whether expiry of the revocation timeline bars restoration of GST registration. The Court ruled that authorities can restore registration when pending returns and full tax liabilities ...

The adjudication confirms that non-appointment of a secretarial auditor is a serious compliance breach. COVID-related explanations did not absolve liability under company ...

A New York City law, the Real Property Income & Expense (RPIE), has resulted in massive fines and penalties for property ...

The Patna High Court has held that the Income Tax Appellate Tribunal was not justified in restoring an addition of ₹1.91 ...

The issue concerned cancellation of GST registration for non-filing of returns and rejection of appeal as time-barred. The High Court restored the registration after noting that all returns were filed ...

The CA highlighted that there can be several genuine reasons for non-filing of returns, many of which may be beyond a taxpayer’s control.

Relying on the spirit of Section 62, the Court ruled that compliance after delay nullifies best judgment assessments, though ...