Andhra Pradesh HC approves Accounts and Audit Fee Due to Clean Audit Report, Denies Miscellaneous Expenses [Read Order]
In the recent case,the Andhra Pradesh High Court approved the payment of audit fees for a company in liquidation,citing a clean audit report by M/s....
![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]")
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]")
Assessee not absolved from Responsibility to monitor GST Portal being Registered Person: Madras HC [Read Order]
The Madras High Court observed that the assessee is not absolved from the responsibility to monitor the GST portal being a registered person. The petitioner assailed an order dated 29.12.2023 on...
![Assessee not absolved from Responsibility to monitor GST Portal being Registered Person: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Assessee-Responsibility-monitor-GST-Portal-Registered-Person-Madras-HC-taxscan.jpeg "Assessee not absolved from Responsibility to monitor GST Portal being Registered Person: Madras HC [Read Order]")
Lender Banks to Provide Audit Reports to Borrowers to allow Representation before Classification of Accounts as Fraud: Gujarat HC [Read Order]
The Gujarat High Court recently observed that the lender banks to provide audit reports to borrowers to allow representation before classification of accounts as fraud. It is the case of the...
ITAT allows Depreciation claim u/s 80IC for Building, Factory, Furniture and Plant Machinery Blocks [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) of Delhi, allowed depreciation claim under Section 80IC of Income Tax Act, 1961, for building, furniture, and plant machinery blocks. The assessee is a...
![ITAT allows Depreciation claim u/s 80IC for Building, Factory, Furniture and Plant Machinery Blocks [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-tax-Income-tax-news-Depreciation-claim-taxscan.jpg "ITAT allows Depreciation claim u/s 80IC for Building, Factory, Furniture and Plant Machinery Blocks [Read Order]")
Form 10B Audit Report Submission hinders due to Technical Glitches in Software, Revenue rejects Plea for Re-submission: ITAT deletes Addition [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) has deletes the addition after the Revenue rejected a plea for re-submission Form 10B audit report which was obstructed due to technical...
![Form 10B Audit Report Submission hinders due to Technical Glitches in Software, Revenue rejects Plea for Re-submission: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-tax-Income-tax-news-Form-10B-Audit-Report-Re-submission-Form-10B-taxscan.jpg "Form 10B Audit Report Submission hinders due to Technical Glitches in Software, Revenue rejects Plea for Re-submission: ITAT deletes Addition [Read Order]")