TG Team's Posts - Page 4

Bank of Baroda invites RFP for Concurrent Auditors Appointment

RFP for Appointment of C.A Firm to carry out Concurrent Audit of Branches/CBOs/Other units for – Lucknow Zone Groups I & Lucknow Group II of the Bank Request for Proposal Appointment of -1- Chartered Accountant Firm to carry out Concurrent Audits of Branches/CBOs/Other Units for each of the following Zones / Groups of Bank of [&hell...

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Posted Under: CA, CS, CMA | ,

Property mortgaged in favour of bank after attachment by Income Tax Authorities- HC directs parties to file appeal before DRT

Maa Kalika Bhandar and Others Vs Collector and District Magistrate (Orissa High Court)

Maa Kalika Bhandar and Others Vs Collector and District Magistrate (Orissa High Court) Property was mortgaged in favour of the Bank on 28.06.2016 whereas the Income Tax Authorities had attached the same on 31.12.2015. Hence, the mortgaged transaction in favour of the Bank is void. Main argument stressed is that the properties in both the ...

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HC dismisses writ against GST order issued without SCN as alternate remedy exist

Suguna Automobiles Vs Assistant Commissioner (Madras High Court)

Suguna Automobiles Vs Assistant Commissioner (ST) (Madras High Court) K.A.Parthasarathy, learned counsel on record for writ petitioner is before this Court. Learned counsel submits that the impugned order has been made under Section 73 of ‘Central Goods and Services Tax Act, 2017‘ [hereinafter ‘C-GST Act’ for the s...

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ITAT upheld disallowance of expenditure not proved/supported by relevant bills

Print Plus Private Limited Vs ITO (ITAT Mumbai)

Print Plus Private Limited Vs ITO (ITAT Mumbai) Brief facts is that the AO noticed from perusal of Tax Audit Report that the appellant/assessee had paid remuneration to directors amounting to Rs. 23,26,200/-. However, it was noticed that an amount of Rs.36,00,600/- was debited to Profit & Loss account instead of Rs. 23,26,200/-. On a ...

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No service tax on sharing of revenues in any joint venture between two entities or persons

Divya Yog Man Dir Trust Vs Commissioner of Central Excise (CESTAT Delhi)

Divya Yog Man Dir Trust Vs Commissioner of Central Excise (CESTAT Delhi) The demand under this head was made only against the appellant Divya Yog Mandir Trust on the amount received by it from M/s. Rajashri Media Pvt. Ltd. for grant of exclusive rights to all audio, visual, audio-visual and text materials of Divya Yog […]...

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Orders cannot be set aside on mere whims & fancies of Revisionary Authority

Rajbir Singh Vs PCIT (ITAT Chandigarh)

On facts we find that issues have been enquired into at length by AO and orders cannot be set aside on mere whims & fancies of Revisionary Authority...

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ITAT directs CIT(A) for further adjudication after considering assessee’s submission

ITO Vs Sh. Subash Chander (ITAT Amritsar)

ITO Vs Sh. Subash Chander (ITAT Amritsar) It is prayed that all the assessment years need to be considered cumulatively by lower authorities taking into account not only the evidence already on record but also by allowing assessee to provide further evidence in support of his submissions because the entire proceedings have been carried ou...

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Submission of Reinsurance Returns – IRDAI dispenses 8 Returns

Circular: Ref: IRDAI/REIN/CIR/RT/1/1/2023 03/01/2023

This has reference to the circular on submission of Reinsurance Returns and Programme vide ref no. IRDA/RI/CIR/MISC/01 1/01/2019 dated 1 5th January,201 9. On comprehensively examining the extant returns being submitted, the following returns are hereby dispensed with immediate effect....

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Resolving Conundrum Surrounding Applicability of Moratorium under Section14(1)(a) of IBC

One of the ultimate goals of the Insolvency and Bankruptcy Code, 2016 (IBC) is to provide a mechanism for the timely resolution of corporate debtor’s insolvency in order to maximize the value of its assets, to facilitate credit facility and to strike a balance between the interest of all the stakeholders. To achieve this goal, […...

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Posted Under: CA, CS, CMA |

Bank Branch Auditors’ Draft Panel of CAs/firms for 2022-23

We are pleased to inform that the Draft Bank Branch Auditors’ Panel (MEF) of Chartered Accountants/firms for the year 2021-22 has been hosted at www.meficai.org...

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Posted Under: CA, CS, CMA | ,

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