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Failure to Assemble Audit File within 60 days of Completion of Audit: NFRA Debars CA and Firm for 2 Years [Read Order]
A CA ( Chartered Accountant ) and his firm was debarred by the financial reporting authority for failure to submit the audit file within 60 days of...
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]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) observed that debt does not cease to exist when there was no writing in books of account, no Cessation of Liability under Section...
![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...
