ICAI Disciplinary Committee orders removal of CA Praveen Murarka from register for three months and a ₹50,000 fine for professional misconduct.
The Institute of Chartered Accountants of India (ICAI) Disciplinary Committee has reprimanded a CA and imposed a fine of Rs. 20,000 for professional misconduct including issuing an unmodified audit report for a company with negative net worth and failing to report on non-compliance with the Companies Act, 2013.
The ICAI Disciplinary Committee has ordered the removal of CA Praveen Murarka from the register for six months due to professional misconduct and negligence in certifying e-forms.
The 55th GST Council Meeting introduced changes in GST rates, compliance mechanisms, and exemptions for businesses, including new definitions and tax amendments.
Delhi High Court quashes GST order for Anant Wire Industries, citing non-compliance with SCN service requirements and remands case for reconsideration.
IBBI suspends insolvency professional for accepting assignments despite AFA suspension. Disciplinary action highlights regulatory compliance and ethical practices in IBC.
Sri Paripoorna Sanathana Trust gets approval for scientific research under section 35 of the Income-tax Act, valid for AY 2025-26 to 2029-30.
Customs Notification 50/2024 replaces Table I in Notification 62/2022. Amendments align with public interest under the Customs Act, 1962.
ITAT Bangalore rules that VAT penalty payments cannot be deducted under Section 37 of Income Tax Act, remanding case for further examination.
Kerala High Court rules on input tax credit denial for Lloyd Insulations India Limited, directs fresh order in light of Section 16(5) of CGST/SGST Act.
