New Delhi, March 28 -- In a landmark judgment with significant implications for business taxation, the Supreme Court of India has delivered a pivotal ruling that provides substantial relief to companies facing Input Tax Credit (ITC) challenges due to clerical errors in Goods and Services Tax (GST) filings.

The Supreme Court decisively dismissed a special leave petition filed by the Central Board of Indirect Taxes and Customs (CBIC), effectively upholding a previous Bombay High Court decision that favors businesses' right to rectify administrative mistakes.

The ruling specifically addresses the critical issue of tax compliance, emphasising that human errors should not result in punitive tax consequences.

At the core of the judgment is a...