![Adverse Opinion in Statutory Audits: Reporting Paragraphs [Access Illustrative Comments Here]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096720-statutory-audit-taxscan.webp "Adverse Opinion in Statutory Audits: Reporting Paragraphs [Access Illustrative Comments Here]")
Adverse Opinion in Statutory Audits: Reporting Paragraphs [Access Illustrative Comments Here]
In the realm of statutory audits, an adverse opinion stands as the auditor’s most severe expression of professional judgment. It signals that the ...
No Tangible Material to Justify AO’s Profit Assessment of ₹69 Crores: ITAT Quashes Reassessment Against S.C. Johnson Pvt. Ltd. [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi, has struck down reassessment proceedings, holding that the Assessing Officer’s (AO) computation of book profits at over ₹69 crores was unsupported...
![No Tangible Material to Justify AO’s Profit Assessment of ₹69 Crores: ITAT Quashes Reassessment Against S.C. Johnson Pvt. Ltd. [Read Order]](https://images.taxscan.in/h-upload/2025/09/15/500x300_2087513-itat-delhi-sc-johnson-case-reassessment-quashed-taxscan.webp "No Tangible Material to Justify AO’s Profit Assessment of ₹69 Crores: ITAT Quashes Reassessment Against S.C. Johnson Pvt. Ltd. [Read Order]")
Pamphlets and Photos of Charity Camps Insufficient to Establish Charity: ITAT Denies S.80G Approval, Holds Trust’s Hospital Runs Commercially [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Chandigarh Bench, has dismissed the appeal of an assessee trust seeking approval under Section 80G(5)(iii) of the Income Tax Act, 1961, holding that the...
![Pamphlets and Photos of Charity Camps Insufficient to Establish Charity: ITAT Denies S.80G Approval, Holds Trust’s Hospital Runs Commercially [Read Order]](https://images.taxscan.in/h-upload/2025/08/26/500x300_2080623-charity-camps-establish-charity-itat-taxscan.webp "Pamphlets and Photos of Charity Camps Insufficient to Establish Charity: ITAT Denies S.80G Approval, Holds Trust’s Hospital Runs Commercially [Read Order]")
ICAI Releases FAQs Guide on Management Representation Letter (MRL) - August 2025 Edition [Read FAQs]
The Institute of Chartered Accountants of India ( ICAI ), through its Auditing and Assurance Standards Board (AASB), has published a guide titled “FAQs on Management Representation Letter (MRL)” in...
![ICAI Releases FAQs Guide on Management Representation Letter (MRL) - August 2025 Edition [Read FAQs]](https://images.taxscan.in/h-upload/2025/08/19/500x300_2078239-icai-faqs-management-representation-letter-taxscan.webp "ICAI Releases FAQs Guide on Management Representation Letter (MRL) - August 2025 Edition [Read FAQs]")