Practical aspects of Transaction Audit/Forensic Audit under IBC
Faculty - CA Bharat Jeswani 📆4 - 6 Oct⏰7.00PM - 8.30PM Course Fee1299(Including GST)999(Including GST) To know more For Queries - 7560...
![Discrepancy on Reversal of Cenvat Credit for opting SSI Exemption found at Time of Audit: CESTAT upholds Reversal by Assesee along with interest for intervening Period [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Discrepancy-Reversal-of-Cenvat-Credit-Discrepancy-on-Reversal-of-Cenvat-Credit-Discrepancy-on-Reversal-of-Cenvat-Credit-for-opting-SSI-Exemption-CESTAT-taxscan.jpg "Discrepancy on Reversal of Cenvat Credit for opting SSI Exemption found at Time of Audit: CESTAT upholds Reversal by Assesee along with interest for intervening Period [Read Order]")
Failure to perform Proper Audit on Non-Disclosure of Step Down Subsidiaries: ICAI imposes 1Lakh Fine on CA [Read Order]
The Institute of Chartered Accountants of India (ICAI) imposed 1 lakh fine on Chartered Accountants (CA) due to the failure to perform proper audit on non-disclosure of Step Down Subsidiaries. It...
Issuance of SCN Merely Based on Audit Objection without Verifying Documents: CESTAT quashes Order [Read Order]
The New Delhi bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) quashed the order passed by the original adjudicating authority by issuing a show-cause notice merely based on...
![Issuance of SCN Merely Based on Audit Objection without Verifying Documents: CESTAT quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Issuance-of-SCN-Merely-Based-on-Audit-Objection-without-Verifying-Documents-Issuance-of-SCN-Documents-CESTAT-Quashes-Order-CESTAT-Taxscan.jpg "Issuance of SCN Merely Based on Audit Objection without Verifying Documents: CESTAT quashes Order [Read Order]")
ICAI releases Ready Reference of Different Industries For easy Audit; the Analysis of Modified Opinions
The Institute of Chartered Accountants of India (ICAI) has released the analysis of modified opinion, the ready reference of different industries having similar issues in the audit. According to...
No Audit can be Made u/s 44AB of Income Tax Act When Assessee Has Not Maintain Books of Account: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT) held that no audit can be made under section 44AB of the Income Tax Act,1961 when the assessee has not been maintained the books...
![No Audit can be Made u/s 44AB of Income Tax Act When Assessee Has Not Maintain Books of Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Audit-Income-Tax-Act-Income-Tax-Assessee-Has-Not-Maintain-Books-of-Account-Assessee-Books-of-Account-ITAT-Taxascan.jpg "No Audit can be Made u/s 44AB of Income Tax Act When Assessee Has Not Maintain Books of Account: ITAT [Read Order]")
ITAT Upholds Imposition of Penalty u/s 271B of Income Tax Act due to Non Audit of Books of Account [Read Order]
The Pune bench of the Income Tax Appellate Tribunal ( ITAT) upheld the imposition of penalty by the assessing officer under section 271B of the Income Tax Act,1961 due to non-audit of books of...
![ITAT Upholds Imposition of Penalty u/s 271B of Income Tax Act due to Non Audit of Books of Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-Upholds-Imposition-of-Penalty-ITAT-Imposition-of-Penalty-Penalty-Income-Tax-Act-Non-Audit-of-Books-of-Account-Books-of-Account-Taxscan.jpg "ITAT Upholds Imposition of Penalty u/s 271B of Income Tax Act due to Non Audit of Books of Account [Read Order]")
Audit on Selected Basis Undermines Purpose of Departmental Audit: CESTAT quashes Customs Duty Demand [Read Order]
The Ahmedabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) quashed customs duty demand and observed that the audit on selected basis undermines purpose of departmental...
![Audit on Selected Basis Undermines Purpose of Departmental Audit: CESTAT quashes Customs Duty Demand [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Audit-on-Selected-Basis-Undermines-Purpose-of-Departmental-Audit-CESTAT-quashes-Customs-Duty-Demand-TAXSCAN.jpg "Audit on Selected Basis Undermines Purpose of Departmental Audit: CESTAT quashes Customs Duty Demand [Read Order]")