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Archive: February, 2025

Posts in February, 2025

CA Cleared of Misconduct Charges in NOC Dispute Case

February 18, 2025 339 Views 0 comment Print

ICAI Board of Discipline finds CA not guilty in a dispute over a No Objection Certificate for a new auditor appointment, citing complainant’s lack of standing.

Section 115J not authorizes AO to go beyond audited financial statement: SC

February 18, 2025 339 Views 0 comment Print

The Supreme Court examined tax issues in Apollo Tyres Ltd. vs. CIT, including the role of assessing officers under Section 115-J and eligibility of UTI income under Section 32AB.

ICAI Board Clears CA of Misconduct Charges in Swan Telecom Case

February 18, 2025 171 Views 0 comment Print

ICAI Board of Discipline finds CA Hari Sethumadhavan Nair not guilty in case related to Swan Telecom funding and UAS licenses, citing lack of evidence.

Addition of Unexplained Cash Deposit was sustained at 25% on basis of reasonable estimate

February 18, 2025 189 Views 0 comment Print

Aggrieved by the order passed by AO, assessee moved on with an appeal to CIT(A), where assessee challenged the reopening of the assessment, arguing that Section 148 was not justified.

ICAI Board of Discipline Clears CA Gautam Doshi in 2G Spectrum Case

February 18, 2025 2334 Views 0 comment Print

ICAI Board acquits CA Gautam Doshi, citing lack of evidence and judicial precedents from the 2G spectrum case. Detailed findings and observations included.

India’s 2025-26 Budget: A Leap Towards Growth & Sustainability

February 18, 2025 573 Views 0 comment Print

India’s 2025-26 budget focuses on sustainability, inclusive growth, and a Viksit Bharat vision, with emphasis on clean energy, agriculture, and job creation.

Self-Sealing Procedure for Export Containers Under GST

February 18, 2025 957 Views 0 comment Print

Understand the self-sealing process for export containers post-GST, including requirements, permissions, and customs procedures for exporters.

DeFi Tax in India: Challenges & Solutions

February 18, 2025 384 Views 0 comment Print

India faces challenges taxing DeFi. This article explores those challenges, from defining taxable events to expense deductions and proposes solutions for a tailored regulatory framework.

Year-End GST Activities & Planning for FY 2025-26

February 18, 2025 9363 Views 1 comment Print

Ensure GST compliance and smooth transition to FY 2025-26 with key year-end activities, including ITC reconciliation, outward supplies, RCM, and other GST obligations.

CA Found Guilty of Misconduct for Directorship Without ICAI Approval

February 18, 2025 657 Views 0 comment Print

CA Rakesh Verma found guilty of professional misconduct for directing companies without ICAI permission and failing to settle a debt with a vendor.

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