Delhi High Court allowed petitioners to pursue appellate remedies though Court noted petitioners had sufficient information to respond to SCN but failed to do so in a timely manner and had not been diligent.
Revision of GST returns to be allowed even after deadline in these cases, rules SC
The Supreme Court of India delivered an important judgement on March 21, 2025, relating to revision of GST returns beyond the law prescribed time limit, if such revision does not lead to loss of revenue for the government.
The Income Tax Appellate Tribunal (ITAT), Mumbai, on April 17, 2025 held that long term capital gains (LTCG) tax exemption under Section 54 cannot be denied by the income tax department, merely because the property was purchased jointly in the name of a wife and her husband and both of them claimed Section 54 capital gains tax exemption.
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