Draft SQM 1, Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements deals with a firm’s responsibilities to design, implement and operate a system of quality management for audits or reviews of financial statements, or other assurance or related services engagements.
Read the analysis of the case between K. S. Anbuselvan and ITO at ITAT Chennai. The court allows the appeals for re-adjudication of capital gains and deductions related to the sale of a property, following a reference to the District Valuation Officer (DVO) for valuation
Explore the recent case ruling by ITAT Chennai where the verdict was overturned due to a pending delay condonation application, highlighting the importance of due process in tax disputes.
Baskaran, the Karta of the HUF, submitted that his prolonged illness prevented him from managing the day-to-day activities of the business, causing the delay in filing the appeal. Despite this, the CIT(A) dismissed the appeal, stating that the delay wasn’t sufficiently justified.
Explore the case of Satish vs ACIT where ITAT Delhi quashed an assessment order passed without giving the assessee an opportunity to respond, setting a vital legal precedent.
Calcutta High Court quashes interest demand and orders refund in Anita Tosniwal vs RBI case. Dispute over property ownership rights analyzed.
Examination of the Delhi High Court’s decision in the Dhiru Realestates Private Limited Vs ITO case, where an income tax notice was invalidated due to allegations not included in the original notice.
A significant judgment from the Delhi High Court in the case of Anita Arora Vs ACIT, dismissing a tax notice due to a deposit error. Find out the details of the case and the court’s verdict.
Understand the Ministry of Agriculture’s notification on the mandatory use of Aadhaar for the Digital Crop Survey project. Learn about the documents required, exception handling mechanisms, and the benefits of Aadhaar authentication.
Stay informed about The Welding Rods and Electrodes Quality Control Order 2023 issued by the Department for Promotion of Industry and Internal Trade. Learn about the compulsory use of standard marks and the certification authority. Ensure compliance with the Indian Standards for welding rods and electrodes.
