ICAI modifies the jurisdiction of its Ratlam and Pali branches under CIRC, adding new areas to Ratlam and detaching Sumerpur from Pali, effective January 8, 2025.
Bombay High Court dismisses revenue’s appeal in PCIT Vs Umesh Ishrani case, citing lack of corroboration for loose paper evidence in cash payment additions.
BIGTEC Private Limited and its directors received penalties for failing to meet their Corporate Social Responsibility (CSR) obligations for financial year 2023-24. Company acknowledged its non-compliance and paid fine as directed by MCA.
CAIT raises concerns about deceptive opinion trading platforms, urging action to prevent user harm and ensure compliance with IT Rules, 2021.
List of audit firms yet to file NFRA-2 for 2022-23. Filing deadline was 30.11.2023; penalties apply for non-compliance. Late submissions are still accepted.
JAOs face workload imbalances, limited manpower, and systemic issues post-Faceless Assessment Scheme. Suggestions for better resource allocation and system redesign outlined.
IT officials can access digital records during searches under IT Act, 1961, but personal emails and social media access is not allowed. Learn about legal provisions.
Details on import duties, GST rates, and tax incentives for lifesaving medical devices in India. Learn about GST Council’s role and concessions offered by the government.
Revenue Department raises appeal limits for ITAT, High Court, and Supreme Court, benefiting over 10,000 cases in tax and customs, reducing litigation burden.
Government’s approach to addressing corporate misconduct, strengthening investor protection, and promoting financial literacy through various initiatives.
