ICAI has warned members and students against fraudulent calls, emails, and WhatsApp messages seeking confidential information and payments. The advisory clarifies that ICAI never asks for OTPs or banking details through unofficial channels.
Delhi ITAT held that uncorroborated WhatsApp messages and digital chats cannot by themselves establish undisclosed cash transactions. The Tribunal deleted additions made solely on presumptions without independent evidence.
ICSI recommended restoring public access to basic company master data without mandatory login requirements. The representation stated that quick verification access is essential for professionals, stakeholders, and third parties.
ROC Pune held that procedural lapses in a private placement involving one investor formed part of a single integrated transaction and did not justify multiple penalties. No penalty was imposed under Section 42(10) of the Companies Act.
The ITAT held that unverified third-party excel sheets without corroborative evidence cannot justify additions under Sections 69 or 69A. The Tribunal observed that mere electronic entries amount to dumb documents unless independently verified.
The Delhi High Court ruled that Show Cause Notices issued on 30 November 2024 for FY 2020–21 were within limitation under Section 73(2) of the CGST Act. The Court treated December, January, and February as the relevant three calendar months before the final order date.
The Gujarat High Court ruled that Input Tax Credit cannot be claimed unless the supplier has actually paid tax to the Government under Section 16(2)(c) of the CGST Act. The Court held that ITC remains a conditional statutory benefit and refused to create a bona fide purchaser exception.
The Delhi High Court held that income tax returns and taxable income details are personal information protected under Section 8(1)(j) of the RTI Act. The Court ruled that such information cannot be disclosed merely because it is sought in a matrimonial dispute.
The Tribunal held that TDS entries appearing in Form 26AS are sufficient material for reopening assessments when no return is filed. The ruling emphasizes that taxpayers must reconcile Form 26AS with books and returns to avoid reassessment proceedings.
Explains when a lawyer’s refusal crosses into professional misconduct, especially in cases of discrimination or collective boycotts, and reinforces the duty to ensure access to justice.
