Chartered Accountants are the Best and Only Suited Professionals for Income Tax Audits, says ICAI President
The 73rd President of the Institute of Chartered Accountants of India ( ICAI ), CA Charanjot Singh Nanda, has strongly stated that only Chartered...
![CBDT Extends Deadline for Filing Form No. 56F Until March 31, 2025 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2025/02/From-No-56F.jpg "CBDT Extends Deadline for Filing Form No. 56F Until March 31, 2025 [Read Circular]")
![ITAT quashes Penalty u/s 271B, Holds Reasonable Cause for Delay in Tax Audit [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Tax-Audit-2.jpg "ITAT quashes Penalty u/s 271B, Holds Reasonable Cause for Delay in Tax Audit [Read Order]")
![GST cannot be included while computing Deemed Income u/s 44B: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/income-tax-act-itat-Section-44AB-Income-Tax-Act-Deemed-Income-itat-mumbai-income-tax-taxscan.jpg "GST cannot be included while computing Deemed Income u/s 44B: ITAT [Read Order]")
No Disallowance of Deduction u/s 80-IA(7) solely on Failure to Digitally File Audit Report: Delhi HC [Read Order]
The Delhi High Court has ruled that a deduction under Section 80-IA(7) of the Income Tax Act cannot be denied solely because the assessee failed to digitally file an audit report. In the case, the...
ITAT remands Assessment back to AO for Fresh Review due to Non-Receipt of Notices and Disputed Cash Payments [Read Order]
In the recent case, the Cuttack Bench of the Income Tax Appellate Tribunal (ITAT) partially allowed the assessee’s appeal, remanding the assessment for assessment year(AY) 2020-2021 back to the...
![ITAT remands Assessment back to AO for Fresh Review due to Non-Receipt of Notices and Disputed Cash Payments [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-in-Cuttack-Income-Tax-Appellate-Tribunal-ITAT-Remands-ITAT-Remands-Assessment-Non-Receipt-of-Notices-TAXSCAN-1.jpg "ITAT remands Assessment back to AO for Fresh Review due to Non-Receipt of Notices and Disputed Cash Payments [Read Order]")
![Penalty u/s 271B for Not Filing Audit Report: ITAT upholds Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Penalty-under-section-271B-ITAT-Audit-Report-Income-Tax-Appellate-Tribunal-under-section-271-income-tax-news-ITAT-Chennai-taxscan-1.jpg "Penalty u/s 271B for Not Filing Audit Report: ITAT upholds Order [Read Order]")
Revisionary Jurisdiction under Income Tax Act cannot be invoked on allegation of Improper Inquiry by AO: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) has held that revisionary jurisdiction under the Income Tax Act, 1961 cannot be invoked on allegation of improper inquiry by Assessing...
![Revisionary Jurisdiction under Income Tax Act cannot be invoked on allegation of Improper Inquiry by AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-ITAT-Delhi-Income-tax-act-Revisionary-Jurisdiction-improper-inquiry-Assessing-Officer-taxscan.jpg "Revisionary Jurisdiction under Income Tax Act cannot be invoked on allegation of Improper Inquiry by AO: ITAT [Read Order]")
Limitation on Number of Audits per Year by CA: Supreme Court upholds Operation of ICAI Rule w.e.f. April 1, 2024
On Friday, May 17, the Supreme Court upheld a rule issued by the Institute of Chartered Accountants of India (ICAI) that limits Chartered Accountants to a maximum of 60 tax audit assignments per...
