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Archive: 10 September 2025

Posts in 10 September 2025

Revocation of Customs Broker License set aside in absence of any violation of regulation of CBLR, 2018

September 10, 2025 498 Views 0 comment Print

CESTAT Delhi held that revocation of Customs Broker License by Customs authorities not sustainable since there is no violation of Regulation 10(b), 10(d) and 10(n) of CBLR, 2018 as alleged in the impugned order. Accordingly, appeal allowed.

SC Orders Inquiry Into Delay in Uploading Bail Rejection Order by HC

September 10, 2025 315 Views 0 comment Print

The Supreme Court of India ordered a probe into the Punjab and Haryana High Court for a significant delay in publishing a bail order and potential backdating. Interim protection was granted to the petitioner.

Audit of Cooperative Societies in India: A Professional Perspective

September 10, 2025 2817 Views 0 comment Print

Overview of cooperative society audits in India: legal framework, audit types, risk assessment, reporting, fraud detection, and regulatory considerations.

ITAT Ranchi Sends Back Cash Deposit Case; AO to Verify Business Turnover

September 10, 2025 249 Views 0 comment Print

The ITAT Ranchi directed an inquiry into cash deposits of ₹26.60 lakh, telling the Assessing Officer to verify the assessee’s claim of income from a building material business.

Review of Financial Statements by Members of ICAI

September 10, 2025 873 Views 0 comment Print

Understand ICAI’s review process of financial statements, including scope, procedures, legal framework, responsibilities, and differences from audits with sectoral examples.

CA Association Seeks Extension for ITR, Tax and TP Audit Dates

September 10, 2025 8067 Views 1 comment Print

Chartered Accountants Association, Ahmedabad requests extension of ITR and audit due dates for AY 2025-26 citing compressed timelines and compliance challenges.

Statutory Audit of Indian Government Companies: Legal Framework

September 10, 2025 1179 Views 0 comment Print

Explore audit mechanisms for Indian government companies, key legal provisions, major case studies, and global practices in public sector auditing.

Use of Cost Accounting Concepts, Techniques & Methods In Internal Audit

September 10, 2025 537 Views 0 comment Print

Explore how cost accounting methods enhance internal audit through variance analysis, marginal costing, CVP, and risk-based auditing strategies.

Allahabad HC Quashes ₹50,000 GST Penalty for Lack of Hearing

September 10, 2025 804 Views 0 comment Print

The Allahabad High Court has set aside a ₹50,000 penalty order imposed under the GST Act, ruling that it was issued without a hearing, violating natural justice.

MCTC Requests ITR & Audit Deadline Extension for AY 2025-26

September 10, 2025 18684 Views 1 comment Print

The Malad Chamber of Tax Consultants (MCTC) has requested an extension of tax deadlines for AY 2025-26, citing delays in ITR utilities, system errors, data discrepancies, and other compliance challenges.

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