ICAI imposes Rs. 5 Lakh and 3 months Probation on CA for exceeding No. of Tax Audits u/s 44AB [Read Order]
The Disciplinary Committee (DC) of Institute of Chartered Accountants of India (ICAI) recently imposed a penalty of Rs. Five Lakhs along with 3...
![Demise of Tax Auditor is reasonable cause in failure to upload Tax Audit Report on the Portal of Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Tax-Auditor-Tax-Audit-Report-Income-Tax-ITAT-taxscan.jpeg "Demise of Tax Auditor is reasonable cause in failure to upload Tax Audit Report on the Portal of Income Tax: ITAT [Read Order]")
![Accounts were closed prior to Write-off of Advances: ITAT upholds Disallowance of Write-off [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Accounts-advances-ITAT-Write-off-taxscan.jpg "Accounts were closed prior to Write-off of Advances: ITAT upholds Disallowance of Write-off [Read Order]")
ICAI found CA Guilty of Professional Misconduct for Accepting More than Specified Number of Tax Audits u/s 44AB [Read Order]
The Institute of Chartered Accountants of India (ICAI) has found that Chartered Accountant ( CA ) is guilty of misconduct for accepting more than a specified number of tax audits under section 44AB. ...
![No Penalty If Non-Furnishing Tax Audit Report was due to Bona fide reasons: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/10/Tax-Audit-Reports-CBDT-Taxscan.jpg "No Penalty If Non-Furnishing Tax Audit Report was due to Bona fide reasons: ITAT [Read Order]")
Once Penalty is Levied for Non-Maintenance of Books of Accounts, No Further Default to be Imposed for not Getting the Same Audited u/s 44AB: ITAT
The Income Tax Appellate Tribunal (ITAT), Jaipur Bench, has recently, in an appeal filed before it, held that once penalty is levied for non-maintenance of book of accounts, no further default is to...
Once Penalty Levied for Non-Maintenance of Book of Accounts, no further default for not getting Audited u/s 44AB: ITAT deletes Penalty u/s 271B
The Jaipur Bench of Income Tax Appellate Tribunal (ITAT) has deleted penalty under Section under Section 271 of the Income Tax Act 1961 holding that once penalty is levied for non-maintenance of...
