![Relief Granted to Trust Despite Late Audit Report Submission: Calcutta High Court Upholds ITATs Decision [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-ITAT-Calcutta-HC-Income-Tax-Audit-Direct-Taxes-TAXSCAN.webp "Relief Granted to Trust Despite Late Audit Report Submission: Calcutta High Court Upholds ITATs Decision [Read Order]")
Relief Granted to Trust Despite Late Audit Report Submission: Calcutta High Court Upholds ITAT's Decision [Read Order]
In the recent case, the High Court of Calcutta dismissed the revenue petitioner’s appeal challenging the Income Tax Appellate Tribunal’s( ITAT )...
![Filing of Audit Report before Framing Income Tax Assessment is Deemed Fulfilment of Section 80-IA(7) Requirement: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/delhi-hc-income-tax-it-Income-Tax-Assessment-Framing-Filing-of-Audit-Report-delhi-highcourt-audit-report-Income-Tax-Assessment-Tax-Assessment-Section-80-IA7-taxnews-taxscan.jpg "Filing of Audit Report before Framing Income Tax Assessment is Deemed Fulfilment of Section 80-IA(7) Requirement: Delhi HC [Read Order]")
![Penalty u/s 271B for Not Filing Audit Report: ITAT upholds Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Penalty-under-section-271B-ITAT-Audit-Report-Income-Tax-Appellate-Tribunal-under-section-271-income-tax-news-ITAT-Chennai-taxscan-1.jpg "Penalty u/s 271B for Not Filing Audit Report: ITAT upholds Order [Read Order]")
Andhra Pradesh HC allows Exclusion of Miscellaneous Expenses in GST Account of Company Currently under Liquidation [Read Order]
The Andhra Pradesh High Court has allowed the exclusion of miscellaneous expenses in the GST account of a company that is currently under liquidation. The application requests that the court...
![Andhra Pradesh HC allows Exclusion of Miscellaneous Expenses in GST Account of Company Currently under Liquidation [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/andhra-pradhesh-hc-andhra-pradesh-high-court-Miscellaneous-Expenses-Gst-goods-and-service-tax-gst-news-liquidation-andhra-pradesh-hc-news-GST-Account-taxscan.jpg "Andhra Pradesh HC allows Exclusion of Miscellaneous Expenses in GST Account of Company Currently under Liquidation [Read Order]")
Rejection of Delay Condonation Applications in cryptic, Confused and absurd manner: Orissa HC remits Income Tax Matter back to PCIT [Read Order]
A Division bench of the Orissa High Court has remitted the delay condonation application of the petitioner back to the Principal Commissioner of Income Tax ( PCIT ) as the rejection of the...
ICAI reprimands CA Failing to Disclose SARFAESI Action, Misrepresents Company's Litigation Status in Audit Report [Read Order]
The Institute of Chartered Accountants of India ( ICAI ) reprimanded a Chartered Accountant ( CA ) for failing to disclose the litigation status of a company in the audit report. Despite being aware...
ICAI Reprimands CA for Neglecting LLP's Service Tax and Wife's LLP return Filing Fees in Audit Report
The Institute of Chartered Accountants of India ( ICAI ) has reprimanded the Chartered Accountant ( CA ) with a fine of Rs. 25,000/- for neglecting the service tax payment of the Limited Liability...
S. 65 of GST Act Does Not Require Audit Report to Indicate ‘Fraud or Misstatement or Suppression of Facts’ for Demand u/s 74: Madras HC [Read Order]
The Madras High Court clarified that the Section 65 of the Central Goods and Services Tax ( CGST Act ), 2017 does not require the audit report to indicate the ‘Fraud or Misstatement or Suppression of...
![S. 65 of GST Act Does Not Require Audit Report to Indicate ‘Fraud or Misstatement or Suppression of Facts’ for Demand u/s 74: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/GST-Madras-High-Court-Audit-Report-Section-65-CGST-Act-GST-audit-report-taxscan.jpg "S. 65 of GST Act Does Not Require Audit Report to Indicate ‘Fraud or Misstatement or Suppression of Facts’ for Demand u/s 74: Madras HC [Read Order]")
Filing Audit Report in Form 10CCB before filing ITR is only directory Not Mandatory: ITAT allows S.80IA Deduction [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) allowed Section 80IA deduction as it considered filing the Audit Report in Form 10CCB before filing the Income Tax Return as merely...
![Filing Audit Report in Form 10CCB before filing ITR is only directory Not Mandatory: ITAT allows S.80IA Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Filing-Audit-Report-Form-10CCB-ITR-ITAT-S.80IA-Deduction-taxscan.jpg "Filing Audit Report in Form 10CCB before filing ITR is only directory Not Mandatory: ITAT allows S.80IA Deduction [Read Order]")