ITAT Quashes Assessment since Special Audit Reference was Illegal [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) has held that as the special audit reference was illegal, the assessment order is barred by time limitation and hence, liable to be
Madras HC Orders to Conduct Special Audit for ICAI in Three Months Upon Finding Irregularities [Read Order]
The Madras High Court has ordered to conduct a Special Audit for the Institute of Chartered Accountants of India (ICAI) in three months after considering the allegations raised by a Chartered Accountant. Justice S M
No Relief to Nokia: Delhi HC upholds Initiation of Special Audit communicated by Letter with Terms of Reference [Read Judgment]
In a major setback to M/s Nokia India Private Ltd, the Delhi High Court recently upheld special audit against the Company and ruled that the special audit can be initiated when the assessment proceedings of
Delhi High Court asks Patanjali to Co-operate with Special Audit [Read Judgment]
A two-judge bench of the Delhi High Court, while dismissing a petition by the Patanjali Ayurveda Ltd, directed them to co-operate with the Special Audit proposed by the income tax department. The income tax return
Assessment Order passed barred by Limitation can’t be extended under guise of Special Audit referred by AO: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chandigarh Bench held that the assessment order passed barred by limitation cannot be extended under guise of special audit referred by AO. The assessee, M/s Chet Ram Ravi Kumar
Mechanism of Audit by Tax Authorities under GST Laws
With GST laws being enforce for over a year and teething technical issues having been resolved to a large extent; the authorities may in the coming months choose to undertake greater scrutiny in the working
UP Govt Orders Special Audit of VAT Refunds issued till July 1st
The Uttar Pradesh Government issued an order regarding Special Audit of VAT Refunds issued during the financial years 2016-17 and 2017-18 till 1st July 2017 wherever the amount of a single refund was Rs. Ten lakhs
Govt explains the Concepts of Special Audit, Provisional Assessment, Debit Notes & Credit Notes under GST [Read Concept]
In a recent document released by the Central Board of Excise and Customs (CBEC), the Government explained the concepts of Special Audit, Provisional Assessment, Debit Notes and Credit Notes under the Goods and Services Tax
Vodafone Mobile moves Delhi high court against Special Audit
Vodafone Mobile Services Ltd. [ W.P.(C)  2301/2016] today  moved the Delhi high court against a notice issued by the Income Tax department seeking a Special Audit. The Court sought responses from centre challenging an Income Tax notice asking
ITAT upholds Assessment passed u/s 153A/144 of Income Tax Act  based on Special Audit conduct u/s 142(2A) [Read Order]
The Amritsar bench of Income Tax Appellate Tribunal (ITAT) has recently upheld that assessment passed under section 153A /144 of Income Tax Act based on special audit conduct under Section 142(2A) Income Tax Act,1961. The
Remuneration to Chartered Accountants for Special Audit Work under DVAT Cant be denied due to Default committed by Dealers: Delhi HC [Read Order]
While allowing a bunch of petitions filed by a group of Chartered Accountant Firms, the Delhi High Court held that chartered accountants cannot be denied of their remuneration for work of special audit done under
Assessing Officer cannot Extend Time Limit for Submission of Special Audit Report beyond 180 Days: Delhi HC [Read Order]
In Principal CIT v. Jindal Dyechem Industries Pvt. Ltd, the Delhi High Court held that the Assessing Officer (AO), under section 142(2C) of the Income Tax Act, has no power to extend time for submission
Time taken for legal Remedy against Special Audit shall be excluded from Prescribed Time Limit: ITAT deletes Penalty u/s 27I(1)(b) of Income Tax Act [Read Order]
The Chandigarh Bench of Income Tax Appellate Tribunal (ITAT) has deleted the penalty under Section 27I(1)(b) of Income Tax Act holding that ties taken for legal remedy against the special audit shall be excluded from
Bombay HC rules against Multi Commodity Exchange of India affirming Special Audit [Read Judgment]
The Bombay High Court in the case of Multi Commodity Exchange of India v. DCIT by its Bench constituting of Justices Akil Kureshi and B.P. Colabawalla held that for the assessment years 2010-11 and 2011-12
GST Special Audit: Kerala invites EoI from Chartered Accountants, Company Secretaries and Cost Accountants
The Commissioner, State Goods and Services Tax Department, Government of Kerala has invited online Expression of Interest (EOI) for the empanelment of Chartered Accountants, Chartered Accountant firms, Cost Accountants and Cost Accountant firms for conducting