Limitation of Number of Tax Audits by CAs in a Year: Impact Analysis of Latest Supreme Court Decision upholding ICAI Rule
On May 17, 2024, the Supreme Court upheld a regulation by the Institute of Chartered Accountants of India ( ICAI ), capping the number of tax audits a Chartered Accountant ( CA ) can undertake
Coercive Proceedings for Recovery of Financial Advance: Kerala HC directs to Clear off Liability [Read Order]
The Kerala High Court directed to clear off liability against the coercive proceedings for recovery of financial advance. The petitioners have approached the Court aggrieved by the coercive proceedings for recovery of financial advance made
MBA Vacancy in Mahindra
The Mahindra invited applications for the post of DGM -International Business [Head of International Operations] Qualification BE+ MBA Your key responsibilities Develop and Implement International Business Strategy: Formulate comprehensive strategies to penetrate new markets and
ITAT directs to allow Stamp Duty & Registration Charges Incurred to Transfer as per Scheme of Arrangement approved by NCLT [Read Order]
The Income Tax Appellate Tribunal (ITAT) directed to allow the stamp duty and registration charges after due verification. It was viewed that when the assessee has incurred the amount in question to complete the transfer
CA, MBA Vacancy in Mahindra
The Mahindra invited applications for the post of  Manager - Hire&Service, Indirect Procur Qualification MBA, B-Tech / B.Eng./CA from premier institutes Your key responsibilities Analyse spend and transaction data on Contractual Manpower categories like white/blue
Payments Received Towards Interconnectivity Utility Charges From Indian Customers Is Not Royalty under Article 12 of DTAA: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that payments received by the assessee towards interconnectivity utility charges from Indian customers or end users cannot be considered royalties to be brought
CA, B. Com, MBA Vacancy in Deloitte
The Deloitte invited applications for the post of RA-A&IC-Internal Audit - AM Qualification CA / MBA Tier 2 in related fields BBM / BBA / B. Com Must have one of the certifications - CFE,
Adhoc Disallowance made without Rejecting Books of Account is Invalid: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the ad hoc disallowance made without rejecting books of account was not justified and needed to be deleted. The court observed that when
Certification of e-form INC-22 without Physical Verification of Address: CA gets debarred for 2 Months and Fined Rs. 20,000 by ICAI Disciplinary Committee
The Disciplinary Committee of the Institute of Chartered Accountants of India ( ICAI ) has held a Chartered Accountant ( CA ) guilty for certification of e-form INC-22 without physical verification of place of business
Expat Reimbursement & Royalty amounts to Double Deduction? Delhi HC admits Dept Appeal to Decide [Read Order]
A Division Bench of the Delhi High Court has admitted a department appeal as to whether deletion of additions of expat reimbursements and royalty amounts to double deduction. The following questions were framed against the
SC grants Interim Bail for PMLA Accused in absence of Predicate Offence
The Supreme Court has granted interim bail to a Chhattisgarh-based businessman, who was arrested in connection with a money laundering case involving the illegal levy on coal transportation. The Court dismissed the interim bail in
Rs.15,000-crore GST Fraud: Police Arrested 3 Persons Behind 100 Bogus Firms
On Saturday, three men were arrested in connection with a Rs. 15,000-crore Goods and Services Tax ( GST ) fraud. So far, 44 arrests have been made in the case. It was found that three
₹60 Crores Cash Unearth on Income Tax Raid from Shoe Businessman
Recently the Income Tax (IT) Department investigation wing recovered around Rs. 60 Crore cash during raids in the house of a shoe manufacturer in Agra, UP. The raids are ongoing at multiple locations of the
Incorrect Amount of Expenses in Form 3CD due to Typographical Error, No Income Tax Addition:  ITAT [Read Order]
The Chennai Income Tax Appellate Tribunal (ITAT) explained that a typographical error in mentioning the incorrect amount of expenses in Form 3CD does not call for any addition by the Assessing Officer to the assessee's
Classification of Service on Basis of Non-Existing Provision is Bad in Law: CESTAT quashes Service Tax Demand
The Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ), Allahabad Bench quashed service tax demand as held that the classification of service on basis of non-existing provision is bad in law. The Appellant