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Archive: 25 January 2025

Posts in 25 January 2025

ICAI Clears CA of Charges of Over Exorbitant Invoices and NOC Refusal

January 25, 2025 474 Views 0 comment Print

Board of Discipline finds CA Ved Vrat Bhalla not guilty of misconduct in the case involving false billing and delay in issuing NOC for hospital audit.

Civil Cases, Medical Issues & Financial Struggles: ITAT Condoned 180-Day Appeal Delay

January 25, 2025 216 Views 0 comment Print

ITAT Pune condones 180-day delay in appeal filing for FY 2010-11, citing civil cases, financial struggles, and health issues. Case remanded for merit-based review.

PF/ESI Payment Delayed by Technical Issues Allowable as Deduction: ITAT Ahmedabad

January 25, 2025 1890 Views 0 comment Print

ITAT Ahmedabad rules technical glitches caused a one-day delay in PF/ESIC credit, deleting the disallowance under Section 36(1)(va) for AY 2018-19.

NCLAT Dismisses Appeal against Rejected Resolution Plan after Second Plan Approval

January 25, 2025 141 Views 0 comment Print

NCLAT dismisses appeal challenging rejection of a resolution plan after a fresh plan was accepted, rendering the appeal infructuous.

ICAI Dismisses Alleged Misconduct of Partnering, Forged Signatures & Salary Withdrawals Due to Lack of Evidence

January 25, 2025 171 Views 0 comment Print

ICAI’s Board of Discipline dismissed misconduct allegations against CA Surendra Kumar Rungta regarding his partnership in Shankar Industries.

Denial of fair opportunity: ITAT directs readjudication of Section 12AB application

January 25, 2025 219 Views 0 comment Print

ITAT Ahmedabad restores Sharvashram Jagruti Sansthan Trust’s case for re-evaluation by CIT (Exemption), citing natural justice and insufficient hearing opportunities.

Addition at 8% of Gross Profit without hearing: ITAT directs readjudication

January 25, 2025 213 Views 0 comment Print

ITAT Ahmedabad remands Vinodchandra Dahyabhai Darji’s tax case for fresh adjudication after finding denial of a hearing in a faceless appeal process.

Alleged Forged Work Orders: ICAI Closes Case for Lack of Evidence

January 25, 2025 264 Views 0 comment Print

Summary of CBI’s investigation into CA Gurinder Kumar Garg’s alleged misconduct, involving fraudulent credit facilities causing loss to a bank.

Credit Card Misuse: No Section 271(1)(b) Penalty if reasonable explanation given

January 25, 2025 3543 Views 0 comment Print

ITAT Ahmedabad ruled in favor of the assessee, deleting penalties under Section 271(1)(b) for A.Ys. 2012-13 & 2013-14, citing lack of non-compliance evidence.

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