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Misclassification of Amount due from Subscribers/Promoter Directors by CA: ICAI slaps fine of Rs. 20,000, removes CA from Roll for 1 Month
The Disciplinary Committee of the Institute of Chartered Accountants of India ( ICAI ) has held the matter of professional misconduct against a...
![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]")
Update on Multinational Accounting Firms vs Institute of Chartered Accountants of India Tussle: ICAI responds to Queries, says Action under Statutory Powers
In response to recent inquiries regarding disciplinary actions against Big 4 affiliates, the Institute of Chartered Accountants of India ( ICAI ) issued a comprehensive statement outlining its...
