CA-CMA Turf Tussle: ICAI's Expanding Audit Mandate Rekindles Debate Over Professional Boundaries
The decades-old professional rivalry between Chartered Accountants (CAs) and Cost Accountants (CMAs) is once again under the spotlight. ...
![ITAT Weekly Round-up [August 2nd- August 9th]](https://images.taxscan.in/h-upload/2025/08/09/250x150_2074798-itat-weekly-roundup-taxscan.webp "ITAT Weekly Round-up [August 2nd- August 9th]")
![Wedding Gifts Not Taxable under Income Tax: ITAT deletes ₹10 Lakh Cash Deposit Addition [Read Order]](https://images.taxscan.in/h-upload/2025/08/09/250x150_2074781-wedding-gifts-wedding-gifts-not-taxable-under-income-tax-taxscan.webp "Wedding Gifts Not Taxable under Income Tax: ITAT deletes ₹10 Lakh Cash Deposit Addition [Read Order]")
![Free Equipment from Group Companies Taxable as Perquisite u/s 28(iv): ITAT Upholds PCITs Revision u/s 263, Directs AO to Verify Returnable Basis [Read Order]](https://images.taxscan.in/h-upload/2025/08/09/250x150_2074783-group-compaies-itat-taxscan.webp "Free Equipment from Group Companies Taxable as Perquisite u/s 28(iv): ITAT Upholds PCITs Revision u/s 263, Directs AO to Verify Returnable Basis [Read Order]")
Punjab & Haryana HC stays Proceedings under SARFAESI Act, till next hearing, subject to Depositing a sum of Rs.10 L [Read Order]
In a recent case, the High Court of Punjab & Haryana stayed the Proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002...
![Punjab & Haryana HC stays Proceedings under SARFAESI Act, till next hearing, subject to Depositing a sum of Rs.10 L [Read Order]](https://images.taxscan.in/h-upload/2025/08/09/500x300_2074761-sarfaesi-act-hc-taxscan.webp "Punjab & Haryana HC stays Proceedings under SARFAESI Act, till next hearing, subject to Depositing a sum of Rs.10 L [Read Order]")
Compounding Application Made under FEMA in Completion of Adjudication Process is not Maintainable: Calcutta HC [Read Order]
In a recent case, the Calcutta High Court has held that Compounding Application made under Foreign Exchange Management Act, 1999 (FEMA) in the Completion of adjudication process is not maintainable....
![Compounding Application Made under FEMA in Completion of Adjudication Process is not Maintainable: Calcutta HC [Read Order]](https://images.taxscan.in/h-upload/2025/08/09/500x300_2074762-compounding-application-made-under-fema-compounding-application-taxscan.webp "Compounding Application Made under FEMA in Completion of Adjudication Process is not Maintainable: Calcutta HC [Read Order]")
Attachment GST S. 83 Lapses Force after One Year, Cannot be Invoked to Challenge SARFAESI Proceedings: Madras HC [Read Order]
The Madras High Court has held that a provisional attachment order under Section 83 of the Central Goods and Services Tax ( CGST ) Act, 2017 automatically ceases to have effect after one year and...
![Attachment GST S. 83 Lapses Force after One Year, Cannot be Invoked to Challenge SARFAESI Proceedings: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2025/08/09/500x300_2074760-sarfaesi-madras-hc-taxscan.webp "Attachment GST S. 83 Lapses Force after One Year, Cannot be Invoked to Challenge SARFAESI Proceedings: Madras HC [Read Order]")
High Courts cannot interfering in SARFAESI proceedings: Punjab & Haryana HC directs to avail remedy before DRAT [Read Order]
The Punjab and Haryana High Court directed the assessee to avail remedy before Debts Recovery Tribunal (DRT) and thereafter, Debts Recovery Appellate Tribunal (DRAT) holding that High Courts cannot...
![High Courts cannot interfering in SARFAESI proceedings: Punjab & Haryana HC directs to avail remedy before DRAT [Read Order]](https://images.taxscan.in/h-upload/2025/08/09/500x300_2074722-under-sarfaesi-act-initiated-prior-to-filing-petition-nclat-national-company-law-appellate-tribunal-taxscan.webp "High Courts cannot interfering in SARFAESI proceedings: Punjab & Haryana HC directs to avail remedy before DRAT [Read Order]")
GST Order Demand Triples the Proposed Tax in SCN Without Prior Notice: Madras HC sets aside Order [Read Order]
The Madras High Court has set aside a GST ( Goods and Services Tax ) order that demanded over three times the tax proposed in the original show cause notice (SCN), holding that the order was passed...
![GST Order Demand Triples the Proposed Tax in SCN Without Prior Notice: Madras HC sets aside Order [Read Order]](https://images.taxscan.in/h-upload/2025/08/09/500x300_2074720-gst-order-madras-high-court-gst-order-demand-taxscan.webp "GST Order Demand Triples the Proposed Tax in SCN Without Prior Notice: Madras HC sets aside Order [Read Order]")
Madras HC Condones 1-Day Delay in GST Appeal Filing Caused by Non-Notification of Ex Parte Assessment Order on Portal [Read Order]
The Madras High Court condoned a one-day delay in the filing of a GST ( Goods and Services Tax ) appeal, holding that the petitioner’s reason for missing the deadline was genuine. The ...
![Madras HC Condones 1-Day Delay in GST Appeal Filing Caused by Non-Notification of Ex Parte Assessment Order on Portal [Read Order]](https://images.taxscan.in/h-upload/2025/08/09/500x300_2074715-madras-hc-gst-appeal-filing-non-notification-ex-parte-assessment-order-portal-taxscan.webp "Madras HC Condones 1-Day Delay in GST Appeal Filing Caused by Non-Notification of Ex Parte Assessment Order on Portal [Read Order]")
Delhi & Manipur GST Amendment Bills 2025: Wider Tax Scope, State Tax on Alcohol Inputs, ITC Relief and Penalty Waivers [Read Notification]
In a day marked by both legislative action and political sparring, the Governments of Delhi and Manipur advanced their respective Goods and Services Tax (GST) Amendment Bills for 2025, aiming to ...
![Delhi & Manipur GST Amendment Bills 2025: Wider Tax Scope, State Tax on Alcohol Inputs, ITC Relief and Penalty Waivers [Read Notification]](https://images.taxscan.in/h-upload/2025/08/09/500x300_2074723-gst-amendment.webp "Delhi & Manipur GST Amendment Bills 2025: Wider Tax Scope, State Tax on Alcohol Inputs, ITC Relief and Penalty Waivers [Read Notification]")