Allahabad High Court rules directors not liable for company’s tax dues under UPVAT unless evidence of intentional wrongdoing, citing legal precedent.
ICAI Disciplinary Committee reprimands CA Anand Prakash Gupta for professional misconduct, including failing to report irregularities and circumventing auditor rotation rules.
ICAI Disciplinary Committee reprimands CA Ashok Bhartia for professional misconduct due to recurring discrepancies in authorized share capital reporting.
ICAI Disciplinary Committee suspends CA Dhirendra Datta for one month over professional misconduct, including due diligence failures and financial misstatements.
In Roop Telesonic Ultrasonix Limited vs Commissioner of Customs (CESTAT Ahmedabad), SEZ service tax refund upheld despite procedural lapse.
India imposes a five-year anti-dumping duty on Pentaerythritol imports from China, Saudi Arabia, and Taiwan to protect domestic industry. Effective from May 16, 2024.
ICAI Disciplinary Committee suspended CA Narinder Kumar for one year due to professional misconduct involving audits of paper entities.
Check the updated exchange rates for foreign currencies into Indian Rupees for import and export, effective May 17, 2024, as per Notification No. 36/2024.
CESTAT Ahmedabad rules in Sanofi India Limited’s favor, stating syringes without needles are not parts/accessories of goods under 9018, warranting a concessional duty rate.
ICAI Disciplinary Committee reprimands CA. Pankaj Dixit for professional misconduct, including invalid audit appointment, signing unapproved financials, and submitting fabricated documents.
