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Empanelment of CA Firms for Concurrent Audit by IDBI Bank

March 15, 2025 120009 Views 41 comments Print

IDBI Bank invites applications from eligible CA firms for empanelment as Concurrent Auditors. Apply online from 11.03.2024 to 28.03.2024.

No section 271C penalty for mere delay in TDS remittance: ITAT Ahmedabad

March 14, 2025 5553 Views 0 comment Print

ITAT Ahmedabad decision clarifies TDS penalty under 271C, aligning with Supreme Court’s US Technologies ruling. Learn key insights here.

One Year, Multiple Litigations: Delhi HC Orders Immediate GST Refund, Ends Assesses Agony

March 13, 2025 4629 Views 1 comment Print

Delhi High Court directs GST refund release, rejecting tax department’s delay. Case highlights refund disputes and legal hurdles for taxpayers.

Kumbh Mela – “Religious Place”- New Saga of GST Litigation

March 11, 2025 6921 Views 1 comment Print

In this article we will analyse the ambit of GST exemption in relation to accommodation services provided in religious places.

Pendency of 5,49,042 Appeals Before CIT(A)/NFAC: Request for Early Disposal

March 11, 2025 10167 Views 1 comment Print

AIFTP urges swift disposal of 5,49,042 income-tax appeals pending with NFAC/CIT(A), some for over 5 years, to alleviate taxpayers’ financial and legal hardships.

Bogus Purchases: Bombay HC upholds 100% of addition under Section 69C

March 11, 2025 6543 Views 0 comment Print

Bombay HC affirms 100% addition under S. 69C for unproven purchases, reversing tribunal’s 12.5% estimation. Details on the ruling.

Legality of Consolidated GST SCN by Clubbing of More Than One Financial Year

March 10, 2025 11229 Views 1 comment Print

Is clubbing multiple financial years in a GST show cause notice legal? Explore judicial rulings and legal interpretations under Sections 73, 74, and 74A of the CGST Act.

Analysis of Notifications and Circulars for Week ending 9th March 2025

March 10, 2025 3462 Views 0 comment Print

Key tax & legal updates from 3rd-9th Mar 2025: Income tax exemptions, GST rulings, RBI liquidity measures, IBC cases, and Supreme Court judgments.

Bank of Baroda invites EOI for Concurrent Auditors Appointment

March 10, 2025 174556 Views 17 comments Print

Participate in Bank of Baroda Expression of Interest (EOI) for Chartered Accountant firms to conduct Concurrent Audits of Branches and Units. Submit by 05.00 pm on 27th March 2025

Income Tax Crackdown on Dubious Political Donations: What Donors Must Know

March 9, 2025 4677 Views 0 comment Print

IT Dept scrutinizes political donations ₹5L+ for tax fraud. Learn about Section 80GGC/80GGB, penalties, and steps to ensure compliance before March 2025.

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