Explore the National Financial Reporting Authority’s (NFRA) latest inspection report on M/s B S R & Co. LLP for the year 2022. Uncover key observations, including non-compliance issues and areas for improvement in audit quality.
Discover the pivotal steps taken by IFSCA as an expert committee is formed to shape a regulatory framework for transition finance, driving sustainable development globally. Explore more at IFSCA.
Explore the confusion surrounding Section 271(1)(c) penalty in PCIT Vs Modi Rubber Ltd. (Delhi High Court). Lack of clarity on concealment or inaccurate particulars raises questions.
Explore judgment of Calcutta High Court in case of Oberoi Building & Investment (P) Ltd. vs. CIT. Learn about tax treatment of sub-licensing income from shops and services.
Madhya Pradesh High Court declares Section 147 notice issued in the name of deceased person for the assessment year 2018-19 as invalid, quashing all related proceedings.
Read the Delhi High Court judgment on Saroj Gagneja’s case against retrospective GST registration cancellation. Learn why the court deemed the cancellation unjust and the fair process upheld.
Read the Delhi High Court judgment in R.K. Metal Industries’ case. Learn why GST registration cannot be arbitrarily cancelled due to non-filing of returns. Retrospective cancellation overturned.
CIT (Exemptions) Vs Jamnalal Bajaj Foundation, Delhi High Court emphasized that penalty notice must specify precise limb of Section 271(1)(c) under which penalty is imposed.
Kerala High Court, in the case of Kothamangalam Service Co-Operative Bank Ltd. vs. Intelligence Officer State Goods and Service Tax Department, addressed a writ appeal challenging a judgment related to the choice of the GST department office for appearance.
Bombay High Court quashes reopening proceedings in Shanmukhananda Fine Arts vs Dy. Director of Income Tax, citing income already declared in the ITR. Detailed analysis.
