CAAS welcomed the Supreme Court’s draft AI regulations while proposing changes to improve implementation at the filing counter. The key takeaway is that innovation should be accompanied by practical safeguards for litigants and professionals.
CAAS emphasized that smaller businesses may require adequate time, software readiness, and stakeholder awareness before adapting to the revised framework. The recommendation seeks a phased and sustainable implementation model.
CAAS has requested the Gujarat Industries Commissionerate to direct all DIC offices to accept certificates containing ICAI-mandated safeguard clauses. The representation argues that professional standards cannot be overridden by rigid departmental formats.
CAAS urged Gujarat authorities to stop rejecting certificates merely because they do not mirror prescribed formats. The representation argues that ICAI-compliant disclosures should be accepted if all required information has been duly certified.
CAAS has urged CPCB to discontinue certificate formats requiring Chartered Accountants to certify proposed investments as completed facts. The representation argues that such requirements conflict with established professional standards.
Additions made by attributing the commission income earned by PSPL as undisclosed income of the Assessees were held unsustainable in law and were directed to be deleted across all relevant assessment years as Revenue had failed to establish inflation of purchase prices; accrual of PSPL’s commission income to assessees; any flow back of funds to the Assessees; or that PSPL was a sham or fictitious entity.
The High Court held that healthcare services remain exempt even when delivered through another hospital under a revenue-sharing arrangement. Classification must follow the true nature of the supply rather than the contractual structure.
The Karnataka High Court held that granting only one day’s time to respond to a show cause notice violates principles of natural justice. The ex-parte assessment order was set aside and the matter remanded for fresh adjudication.
The Madras High Court held that cross-examination is not an absolute right in GST adjudication. Where allegations of fraudulent ITC can be rebutted through invoices, e-way bills and transportation records, denial of cross-examination alone does not vitiate proceedings.
Government issues Section 28A notification exempting customs duty on nuclear power generation goods under tariff item 84013000 imported till Jan 31, 2026.
