ITAT Agra deletes penalty levied u/s 271(1)(b) in Ganeshi Lal Narayan Das vs DCIT, citing procedural fairness and assessees bona fide belief. Full text order included.
Understand CBDT’s recent clarifications on trust audit reports. Learn about substantial contributions, relatives, and concerns in this analysis.
Explore Delhi High Court’s landmark verdict in Union of India vs. Kiran Kanojia. Insights into National Litigation Policy, its impact, and need for government accountability.
MCA allows companies to conduct Annual General Meetings (AGMs) for 2024 through Video Conference (VC) or Other Audio Visual Means (OAVM). Details and implications.
Allahabad High Court quashes Section 263 order and imposes cost of Rs 10,000 on PCIT for lack of proper opportunity. Analysis of the judgment in M.L. Chains Vs PCIT case.
The Institute of Chartered Accountants of India (ICAI) has recently made a significant decision regarding the revocation of Unique Document Identification Numbers (UDINs). UDINs are unique codes assigned to attestations and certifications made by chartered accountants in India. In its 420th meeting held on March 23rd-24th, 2023, the ICAI Council announced that the revocation of […]
ICAI made a significant announcement regarding the formulation of a New Scheme of Education and Training. This scheme aligns with International Education Standards and the National Education Policy, 2020 (NEP). The ICAI has taken into account inputs from various stakeholders and has notified the scheme in the Gazette of India, set to be implemented from July 1st, 2023.
Government notifies that following transactions done by CA, CS & CMA on behalf of their client will be covered under Prevention of Money-laundering Act, 2002. This notification is issued by the Ministry of Finance, Department of Revenue in India, and it pertains to the Prevention of Money Laundering Act, 2002. The notification outlines that certain […]
In respect of completed/unabated assessments, no addition can be made in absence of any incriminating material found during search: SC
Members & Students Services (Grievances Handling and e-Sahaayataa) Directorate The Institute of Chartered Accountants of India 16’h April, 2023 Announcement Extension of last date for updation of Member’s Profile with GSTIN at Self Service Portal — Till 23rd April, 2023 This is in continuation of our Announcement dated 1st April, 2023 regarding updation of Member’s […]
