ICAI imposes Rs. 1.25L Fine on CA for Deliberate Methodology Change for NAV Calculation, Causing Loss [Read Order]
The Institute of Chartered Accountants of India ( ICAI ) has reprimanded the Chartered Accountant ( CA ) with a fine of Rs. 1.25 lakhs for adopting...
Why do people prefer IAS over other professions when a Chartered Accountant compares his profession with an IAS's salary?
A recent X ( previously known as Twitter ) dispute was started by a tweet made by a chartered accountant. Despite the CA's higher pay range, he wrote in his piece that he does not understand why...
ICAI reprimands CA for Neglecting to Qualify Audit Report Despite Fire Damage regarding Company's Stability as Going Concern
The Institute of Chartered Accountants of India ( ICAI ) has reprimanded the CA with a fine of Rs. 25,000, finding them guilty of professional misconduct. This decision arises from the CA's failure...
CA Fails to visit Registered Office of Company and Certified Incorrect Details in INC-22: ICAI Removes Name for 2 Months with Fine
The Institute of Chartered Accountants of India ( ICAI ) has removed the name of the Chartered Accountant ( CA ) for 2 months with a fine of Rs. 20,000 for failing to visit the registered office of...
No Service Tax leviable by Clubbing all Activities undertaken under “Cargo Handling Service”: CESTAT [Read Order]
The Allahabad Bench of the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) held that there is no service tax leviable by clubbing all activities undertaken under “Cargo Handling...
![No Service Tax leviable by Clubbing all Activities undertaken under “Cargo Handling Service”: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Service-Tax-CESTAT-CESTAT-Allahabad-Cargo-Handling-Service-Cargo-tax-taxscan.jpg "No Service Tax leviable by Clubbing all Activities undertaken under “Cargo Handling Service”: CESTAT [Read Order]")
No addition warranted u/s 56(2)(viib) of Income Tax Act as difference between issue Price and Value Adopt by AO is Minuscule [Read Order]
The two member bench of Delhi Income Tax Appellate Tribunal ( ITAT ) held that no addition warranted under Section 56(2)(viib) of the Income Tax Act, 1961 as difference between issue price and value...
![No addition warranted u/s 56(2)(viib) of Income Tax Act as difference between issue Price and Value Adopt by AO is Minuscule [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Delhi-Income-Tax-Act-Assessing-officer-tax-updates-taxscan.jpg "No addition warranted u/s 56(2)(viib) of Income Tax Act as difference between issue Price and Value Adopt by AO is Minuscule [Read Order]")
Service Tax Not Leviable on Discount /incentive received from Supplier of Motor Vehicle Spare Parts under Head 'Other Operating Revenue': CESTAT [Read Order]
The Allahabad bench of the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) has held that service tax is not leviable on discount /incentive received from suppliers of motor vehicle...
![Service Tax Not Leviable on Discount /incentive received from Supplier of Motor Vehicle Spare Parts under Head Other Operating Revenue: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Service-Tax-Not-Leviable-on-Discount-incentive-Supplier-of-Motor-Vehicle-Spare-Parts-Head-Operating-Revenue-CESTAT-taxscan.jpg "Service Tax Not Leviable on Discount /incentive received from Supplier of Motor Vehicle Spare Parts under Head Other Operating Revenue: CESTAT [Read Order]")