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Archive: 09 May 2024

Posts in 09 May 2024

Delhi HC Orders Re-Adjudication under CGST Act Section 73, Citing Violation of Natural Justice

May 9, 2024 1356 Views 0 comment Print

Delhi High Court directs re-adjudication of a CGST Act order due to lack of natural justice principles. Full text of the judgment provided.

Kerala HC quashes Re-Assessment Order for Denial of Virtual Hearing

May 9, 2024 573 Views 0 comment Print

Kerala High Court quashes re-assessment order under Income Tax Act, citing denial of virtual hearing due to formality. Read the detailed judgment.

Deficiencies in audit work: ICAI imposes Penalty on CA

May 9, 2024 2322 Views 0 comment Print

Disciplinary Committee found CA. Keshav Vishwanath Chaubey guilty of professional misconduct for various deficiencies in his audit work. Despite the respondent’s personal difficulties, the Committee determined that his actions constituted a breach of professional standards and warranted disciplinary action.

Signing of financial statements on a back date: ICAI reprimanded CA

May 9, 2024 1725 Views 0 comment Print

The case centers on Pednekar’s signing of financial statements on a back date, which is deemed as negligent conduct and a breach of professional standards.

Deduction under section 80JJAA

May 9, 2024 9579 Views 0 comment Print

Learn about Deduction u/s 80JJAA: Who’s eligible, how much is allowed, and what it means for additional employee costs. Expert insights for tax compliance.

Importance of Perseverance

May 9, 2024 972 Views 0 comment Print

Discover the transformative force of perseverance in achieving success amidst challenges. Explore real-life examples and timeless wisdom.

Failure to verify maintenance of cost records: ICAI imposes penalty on CA

May 9, 2024 3063 Views 0 comment Print

Dive into the detailed order by the Disciplinary Committee of the Institute of Chartered Accountants of India against CA. Sachin Rajnikant Parekh for professional misconduct.

Non-reporting of SARFAESI action against client in audit report: ICAI warns CA

May 9, 2024 1179 Views 0 comment Print

Explore the detailed order by the Disciplinary Committee of the Institute of Chartered Accountants of India against Ravish Shashikant Maniyar for professional misconduct.

Madras HC Directs GST Dept to Dispose of Rectification Petition | Roshan Fruits Case

May 9, 2024 480 Views 0 comment Print

In Roshan Fruits India Pvt Ltd vs Assistant Commissioner (ST), Madras High Court directs GST Dept to dispose of rectification petition regarding ITC availed within 1 month.

Book Entries & inadequate invoices Alone Insufficient for Proof of Asset Improvement Costs

May 9, 2024 705 Views 0 comment Print

ITAT upheld disallowance of the claimed expenditure, concluding that mere entries in books of account and inadequate invoices were insufficient to substantiate expenditure on property improvement.

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