Karnataka High Court sets guidelines for Magistrates on releasing seized properties under Sections 451 and 457 CrPC during criminal investigations.
The ITAT Mumbai remands the case of Ashok Ghelabhai Patel for fresh examination after the assessee failed to provide adequate evidence for claimed expenses.
ITAT Mumbai quashes penalty under Section 271(1)(c) for Vijay Jewellers, citing estimated additions for bogus purchases. No concealment or inaccurate details found.
A Disciplinary Committee reprimanded CA. Sanjay Kochhar for professional misconduct after he certified a form without evidence and failed to respond to official inquiries.
The ICAI Disciplinary Committee has reprimanded a CA for professional misconduct, finding he failed to exercise due diligence when certifying company forms.
A Disciplinary Committee has cleared CA Aman Vikhona of professional misconduct regarding the incorporation of M/s KSKY Pvt. Ltd., citing COVID-19 restrictions and prior verification.
Dr GN Saibaba’s death highlights misuse of anti-terror laws and the need for accountability in wrongful convictions and false implications by the state.
Portion attributable to utilisation for import of assets into India must be capitalised under Section 43A, while the portion attributable to utilisation for acquiring assets from within India must be treated as revenue expenditure under Section 37(1) of the Act.
Madhya Pradesh High Court held that the non-functionality of the TRACES Portal shall not be grounds for denying the benefit arising out of the statutory provision under the Income Tax Act.
The petitioner was principally aggrieved by the impugned order dated 20 December 2023 which created a demand for the period 01 July 2017 to 25 July 2018 in respect of non-payment of IGST on reinsurance services.
