Navasree A.M
Navasree A M, B.B.A., LL.B. (Hons), a lawyer with over 2.5 years of experience as a researcher and content writer at Taxscan, specializing in Indirect Taxes and Corporate Laws.
![ITR not filed with Audit Report Timely due to delay in Auditor Appointment: Orissa HC allows Belated Filing with Report [Read Order]](https://images.taxscan.in/h-upload/2026/01/12/500x300_2118489-whatsapp-image-2026-01-12-at-60659-pm.webp "ITR not filed with Audit Report Timely due to delay in Auditor Appointment: Orissa HC allows Belated Filing with Report [Read Order]")
ITR not filed with Audit Report Timely due to delay in Auditor Appointment: Orissa HC allows Belated Filing with Report [Read Order]
The Orissa High Court has allowed the The Reserve Bank Employees Co-operative Credit Society Limited to file the income tax returns ( ITR ) with an...
![How Auditors must Communicate with Audit Committee/TCWG: NFRA Issues Circular, Complete Details Inside [Read Order]](https://images.taxscan.in/h-upload/2026/01/12/250x150_2118433-nfra-a1.webp "How Auditors must Communicate with Audit Committee/TCWG: NFRA Issues Circular, Complete Details Inside [Read Order]")
![ITAT Grants Relief on Unexplained Income in ₹94-Lakh Property Sale Despite Invalid Income Tax Return [Read Order]](https://images.taxscan.in/h-upload/2026/01/12/250x150_2118429-itat-grants-relief-unexplained-income-property-sale-despite-invalid-income-tax-return-taxscan.webp "ITAT Grants Relief on Unexplained Income in ₹94-Lakh Property Sale Despite Invalid Income Tax Return [Read Order]")
![₹55 Crore Service Tax Evasion a ‘Serious Economic Offence’: Punjab & Haryana HC Denies Bail to Director [Read Order]](https://images.taxscan.in/h-upload/2026/01/11/250x150_2118327-service-tax-evasion-serious-economic-offence-punjab-haryana-hc-bail-director-taxscan.webp "₹55 Crore Service Tax Evasion a ‘Serious Economic Offence’: Punjab & Haryana HC Denies Bail to Director [Read Order]")
No Evidence to Prove CA involved in Forgery of Signature and Share Manipulation: ICAI Drops Charges [Read Order]
The Institute of Chartered Accountants of India ( ICAI ) dropped professional misconduct charges as there was no evidence to prove the involvement of the share manipulation and forgery by the...
![No Evidence to Prove CA involved in Forgery of Signature and Share Manipulation: ICAI Drops Charges [Read Order]](https://images.taxscan.in/h-upload/2026/01/10/500x300_2118206-no-evidence-prove-ca-involved-forgery-signature-share-manipulation-icai-drops-charges-taxscan.webp "No Evidence to Prove CA involved in Forgery of Signature and Share Manipulation: ICAI Drops Charges [Read Order]")
Unpaid MSME Dues Need Not Be Separately Disclosed Pre-2021: ICAI holds CA Not Guilty of Misconduct [Read Order]
The Institute of Chartered Accountants of India ( ICAI ) has held that there was no statutory requirement prior to 1 April 2021 to separately disclose disputed unpaid Micro, Small and Medium...
![Unpaid MSME Dues Need Not Be Separately Disclosed Pre-2021: ICAI holds CA Not Guilty of Misconduct [Read Order]](https://images.taxscan.in/h-upload/2026/01/10/500x300_2118177-msme-dues-need-separately-disclosed-pre-2021-icai-ca-guilty-misconduct-taxscan.webp "Unpaid MSME Dues Need Not Be Separately Disclosed Pre-2021: ICAI holds CA Not Guilty of Misconduct [Read Order]")
AS-18 Not Applicable to SME Entities: ICAI drops Non-Disclosure of Related Party Transaction Allegation against CA [Read Order]
The Institute of Chartered Accountants of India’s ( ICAI ) disciplinary committee dropped disciplinary proceedings against the Chartered Accountant ( CA ) ruling that AS-18 not applicable to SME...
![AS-18 Not Applicable to SME Entities: ICAI drops Non-Disclosure of Related Party Transaction Allegation against CA [Read Order]](https://images.taxscan.in/h-upload/2026/01/10/500x300_2118180-as-18-not-applicable-sme-entities-icai-drops-non-disclosure-related-party-transaction-allegation-against-ca-taxscan.webp "AS-18 Not Applicable to SME Entities: ICAI drops Non-Disclosure of Related Party Transaction Allegation against CA [Read Order]")
Builder Accepts DGAP Findings on Anti-Profiteering Unconditionally: GSTAT Orders to Pass GST ITC Benefit to Homebuyers [Read Order]
The Goods and Services Tax Appellate Tribunal ( GSTAT ) ordered the passing of the GST ITC benefit to homebuyers. This decision was made by the tribunal after noting that the builder accepted the...
![Builder Accepts DGAP Findings on Anti-Profiteering Unconditionally: GSTAT Orders to Pass GST ITC Benefit to Homebuyers [Read Order]](https://images.taxscan.in/h-upload/2026/01/10/500x300_2118141-builder-accepts-dgap-findings-anti-profiteering-unconditionally-gstat.webp "Builder Accepts DGAP Findings on Anti-Profiteering Unconditionally: GSTAT Orders to Pass GST ITC Benefit to Homebuyers [Read Order]")
Share Substitution on Amalgamation Involving Stock-in-Trade May be Taxable u/s 28 Subject to Realisability: Supreme Court [Read Judgement]
The Supreme court has clarified that receipt of shares of the amalgamated company in substitution of stock-in-trade can give rise to taxable business profits under Section 28 of Income Tax Act,...
![Share Substitution on Amalgamation Involving Stock-in-Trade May be Taxable u/s 28 Subject to Realisability: Supreme Court [Read Judgement]](https://images.taxscan.in/h-upload/2026/01/10/500x300_2118136-share-substitution-amalgamation-stock-in-trade-realisability-supreme-court-taxscan.webp "Share Substitution on Amalgamation Involving Stock-in-Trade May be Taxable u/s 28 Subject to Realisability: Supreme Court [Read Judgement]")
ITR E-Filing Mandatory for Companies from May 2007: Madras HC Denies S. 80-IC Deduction to Gemini Communication Ltd [Read Order]
The Madras High Court held that the companies had to file the income tax returns digitally from May 15, 2007. The court has upheld the decision to deny the deduction under Section 80IC to assessee. ...
![ITR E-Filing Mandatory for Companies from May 2007: Madras HC Denies S. 80-IC Deduction to Gemini Communication Ltd [Read Order]](https://images.taxscan.in/h-upload/2026/01/09/500x300_2117976-itr-e-filing-mandatory-companies-f-may-2007-madras-hc-deduction-gemini-communication-ltd-taxscan.webp "ITR E-Filing Mandatory for Companies from May 2007: Madras HC Denies S. 80-IC Deduction to Gemini Communication Ltd [Read Order]")