Branch Audit

COVID-19: RBI revises Guidelines for Statutory Branch Audit of Public Sector Banks for FY 2019-20 [Read Circular]

April 27, 2020

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travelling expenses - FTS - ITAT - American Express - Taxscan

Payment of Travelling Expenses to its own Employee could not fall within ambit of FTS: ITAT grants relief to American Express [Read Order]

September 23, 2021

In a major relief to American Express, the Delhi Bench of Income Tax Appellate Tribunal (ITAT) ruled that the payment of travelling expenses to its own employee could not fall within the ambit of Fees for technical services (FTS). The CIT(A) agreed with the conclusion drawn by the Assessing Officer/TPO that the payment towards travel […]

NFRA - Audit Quality Review Report of Statutory Audit - IL&FS Transportation Networks Limited - Taxscan

NFRA issues Audit Quality Review Report of Statutory Audit of IL&FS Transportation Networks Ltd (ITNL) for FY 2017-18 [Read Report]

September 23, 2021

The National Financial Reporting Authority (NFRA) has issued an Audit Quality Review (AQR) report of the statutory audit of IL&FS Transportation Networks Limited (ITNL) for the Financial Year 2017-18. The statutory auditor for this engagement was SRBC & Co LLP, Chartered Accountants. The AQR has been conducted pursuant to Section 132(2)(b) of the Companies Act, […]

DGFT - Export Obligation period - EPCG Authorisations - Taxscan

DGFT extends Export Obligation period of specified Advance and EPCG Authorisations [Read Notification]

September 23, 2021

The Director-General of Foreign Trade (DGFT) notified the extension of the export obligation period of specified Advance and Export Promotion Capital Goods (EPCG) Authorisations. Para 4.42(j) and Para 5.17(f) have been inserted in Chapter 4 and Chapter 5 respectively in Foreign Trade Procedure 2015-2020, to extend the period of Advance Authorisations (AA) and EPCG Authorisations […]

Central Government - freezing assets - disgorgement of property - Delhi High Court - Taxscan

Central Govt can Authorize initiation of proceedings and relief of Freezing Assets, Disgorgement of Property: Delhi High Court [Read Judgment]

September 23, 2021

The Delhi High Court held that the central government can authorize initiation of proceedings and relief of freezing assets, disgorgement of property. The petitions had been filed by Shriraj Investment & Finance Limited and Casper Consumer Electronics Pvt. Ltd. under the purview of 241, 242, 246 read with 339 of the Companies Act, 2013, before […]

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Payment of Travelling Expenses to its own Employee could not fall within ambit of FTS: ITAT grants relief to American Express [Read Order]

September 23, 2021

NFRA issues Audit Quality Review Report of Statutory Audit of IL&FS Transportation Networks Ltd (ITNL) for FY 2017-18 [Read Report]

September 23, 2021

DGFT extends Export Obligation period of specified Advance and EPCG Authorisations [Read Notification]

September 23, 2021

Central Govt can Authorize initiation of proceedings and relief of Freezing Assets, Disgorgement of Property: Delhi High Court [Read Judgment]

September 23, 2021

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