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ICAI reprimands CA Held Guilty of Professional Misconduct for Backdating Financial Statements, Contravenes legal standards
The Institute of Chartered Accountants of India ( ICAI ) has reprimanded the Chartered Accountant ( CA ) guilty of professional misconduct for...
![Debt does not Cease to Exist when there is no Writing in Books of Account, no Cessation of Liability u/s 41(1) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-Bangalore-Income-Tax-Books-of-Account-taxscan.jpg "Debt does not Cease to Exist when there is no Writing in Books of Account, no Cessation of Liability u/s 41(1) of Income Tax Act: ITAT [Read Order]")
![Advances received in Tax Period under Consideration are Taxable: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/tax-Period-CESTAT-Customs-Excise-TAXSCAN.jpg "Advances received in Tax Period under Consideration are Taxable: CESTAT [Read Order]")
![Sum forming part of “Gross Amount Charged” Taxable in Subsequent Period: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/img-4.jpg "Sum forming part of “Gross Amount Charged” Taxable in Subsequent Period: CESTAT [Read Order]")
Performing Audit of Public Company with Conflict of Interest and Other Professional Misconduct: NFRA slams CA with 5 Lakh Penalty and 5 Year Ban from Auditing [Read Order]
The National Financial Reporting Authority (NFRA) has imposed a penalty of Rs. 5 Lakhs and banned the Chartered Accountant of S Kumars Nationwide Limited (SKNL), SKNL being a listed company comes...
Failure to conduct enquiries with respect to abnormal cash deposits during Demonetization Period: ITAT upholds Revision Order [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chandigarh bench, while upholding the revision order passed under section 263 of the Income Tax Act, 1961, held that the Assessing Officer failed to conduct...
![Failure to conduct enquiries with respect to abnormal cash deposits during Demonetization Period: ITAT upholds Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Demonetization-Period-ITAT-abnormal-cash-income-tax-news-taxscan.jpg "Failure to conduct enquiries with respect to abnormal cash deposits during Demonetization Period: ITAT upholds Revision Order [Read Order]")
Disallowance of Contingent Liability shall not be Entertained as it does not form part of P&L Account: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the disallowances of contingent liability shall not be entertained as it does not form part of the profit &loss account. ...
![Disallowance of Contingent Liability shall not be Entertained as it does not form part of P&L Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Disallowance-Contingent-Liability-Entertained-as-P-L-Account-ITAT-TAXSCAN.jpg "Disallowance of Contingent Liability shall not be Entertained as it does not form part of P&L Account: ITAT [Read Order]")