When AO invoked provisions of section 37(1) to disallow purchases, provisions of section 69C of the Act are not applicable In a recent judgment, ITAT Delhi has held that when AO did not raise any doubts about the source of such purchases but invoked the provisions of section …
ITAT refuses to accept opening cash as source of cash deposit as assessee was not subject to audit and cash book was just a self-servicing document In a recent judgment, ITAT Rajkot has declined to accept the opening cash as source of cash deposit holding that assessee was …
Mere preparation of income tax notice and forwarding the same for dispatch is not effective issuance of notice until it enters a computer resource outside the control of the AO. In a recent judgment, Hon’ble Supreme Court dismissed the SLP of the Revenue gainst the judgment of Telangana …
Agreement validly terminated prior to initiation of CIRP did not constitute “assets” or “property” of the corporate debtor u/s 14 of the IBC In a recent judgment, Hon’ble Supreme Court has held that Development Agreement and Supplementary Agreements validly terminated prior to the initiation of the second CIRP …
Supreme Court explains jurisdiction of courts under NI Act for dishonour of account payee or bearer cheques In a recent judgment, Hon’ble Supreme Court has held that a payee may deliver a cheque at any branch of his bank. However, in case of dishonour of an account payee …
Advances received in normal course of business and adjusted against sale bills cannot be added u/s 68 of the Income Tax Act In a recent judgment, ITAT Kolkata has upheld that advances received in the normal course of business cannot be added u/s 68 of the Act when …
When AO invoked provisions of section 37(1) to disallow purchases, provisions of section 69C of the Act are not applicable In a recent judgment, ITAT Delhi has held that when AO did not raise any doubts about the source of such purchases but invoked the provisions of section …
ITAT refuses to accept opening cash as source of cash deposit as assessee was not subject to audit and cash book was just a self-servicing document In a recent judgment, ITAT Rajkot has declined to accept the opening cash as source of cash deposit holding that assessee was …
Mere preparation of income tax notice and forwarding the same for dispatch is not effective issuance of notice until it enters a computer resource outside the control of the AO. In a recent judgment, Hon’ble Supreme Court dismissed the SLP of the Revenue gainst the judgment of Telangana …
If address of consignor or consignee is correct, merely for wrong PIN code, the proceedings u/s 129 can not be initiated – High Court In a recent judgment, Hon’ble Allahabad High Court quashed order under section 129(3) of GST Act holding that when goods in question was accompanied …
Cancellation or Suspension of GST registration would be counterproductive and work against the interest of the revenue – HC In a recent judgment, Hon’ble Calcutta High Court observed that suspension/revocation of the GST registration would be counterproductive and work against the interest of the revenue as the assessee …
When goods are loaded in two trucks with one e-way bill specifically mentioning both truck numbers, no intention to evade payment of tax can be attributed. In a recent judgment, Hon’ble Allahabad High Court held that when goods could not be accommodated in one truck and therefore, loaded …
Government established ten new offices of Regional Directors MCA under LLP Act 2008/Companies Act 2013 The Central Government, in exercise of the powers under section 68A of the Limited Liability Partnership Act, 2008 and section 396 of the Companies Act 2013 has established Regional Directors offices to discharge …
MCA establishes Ten new offices of Registrars of Companies in India for registration of LLPs The Ministry of Corporate Affairs has established ten new offices of Registrars of Companies in India for the purpose of registration of Limited Liability Partnerships (LLPS) and discharging the functions under the Limited …
MCA further extended time for filing e-form DIR-3-KYC and web-form DIR 3-KYC-WEB without fee upto 31.10.2025 Ministry of Corporate Affairs has issued circular No. 05/2025 to further extend time for filing e-form DIR-3-KYC and web-form DIR 3-KYC-WEB without fee upto to 31.10.2025. Earlier MCA had issued General Circular …
When AO invoked provisions of section 37(1) to disallow purchases, provisions of section 69C of the Act are not applicable In a recent judgment, ITAT Delhi has held that when AO did not raise any doubts about the source of such purchases but invoked the provisions of section …
ITAT refuses to accept opening cash as source of cash deposit as assessee was not subject to audit and cash book was just a self-servicing document In a recent judgment, ITAT Rajkot has declined to accept the opening cash as source of cash deposit holding that assessee was …
Mere preparation of income tax notice and forwarding the same for dispatch is not effective issuance of notice until it enters a computer resource outside the control of the AO. In a recent judgment, Hon’ble Supreme Court dismissed the SLP of the Revenue gainst the judgment of Telangana …
ICAI sets up two new branches : at Morbi and Bhiwandi The Institute of Chartered Accountants of India (ICAI) has changed the name of Ahmednagar Branch of WRIC of ICAI as Ahilyanagar Branch. ICAI has also notified the setting up of two branches of ICAI first at Morbi …
ICAI allows extended / last opportunity to submit MEF for FY 2025-26 on 16.10.2025 and 17.10.2025 Earlier ICAI had extended last date to submit MEF for FY 2025-26 to 10th October, 2025. ICAI had recently hosted Multipurpose Empanelment Form (MEF) of Chartered Accountants/firms for the year 2025-26 for …
Empanelment to act as ICAI exam observers for January 2026 CA Examination. Last date to apply is 07/11/2025 Empanelment of Chartered Accountant Members to act as Observers at Examination Centres for The Chartered Accountants Examinations to be held in January, 2026. ICAI proposes to empanel members to act …
Excel Auto 234ABC Interest Calculator for AY 2025-26 with accurate calculation as per revised provisions. Download for Corporate and Non-corporate Assessees Section 234A, 234B and 234C of the Income tax Act, 1961 deals with interest for delay in ITR Filing or Short/Non deposit of Advance tax. Interest is …
Excel Income Tax Challan ITNS 280 for FY 2025-26 AY 2026-27 with database facility. Download ABCAUS Income Tax payment Challan No. ITNS 280 This excel Challan ITNS 280 for payment of Income Tax should be used for making payment of income tax on companies (corporation tax) or income …
Excel Income Tax TDS Challan ITNS-281 for FY 2025-26 : AY 2026-27 with database facility Income Tax Challan ITNS 281 is used for payment of Tax Deducted at Source (TDS) or Tax Collected at Source (TCS). A PDF version of the challan with instructions can be downloaded from …
Competition Commission of India inviting applications for engagement of Young Professionals (YPs) The Competition Commission of India, New Delhi is inviting applications from eligible candidates for engagement of Young Professionals (YPs) on contract basis, to be posted at Delhi/Mumbai/Chennai. The selected YPs shall be posted in the following …
NALCO invites RFP for empanelment of chartered accountant/cost accountant firms for conducting internal audit. National Aluminium Company Limited (NALCO) invites Request for Proposal (RFP) for empanelment/ appointment of chartered accountant/ cost accountant firms for conducting internal audit. National Aluminium Company Limited (NALCO) is a Navratna CPSE under administrative …
Odisha Grameen Bank invited applications for Concurrent Audit from Chartered Accountant Firms. Last date for application to reach bank is 10/11/2025 Odisha Grameen Bank invites applications from interested Chartered Accountant Firms to be empanelled as external auditor for Concurrent Audit. Last date for application to reach bank is …
Before staying CESTAT order the High Court should have framed the substantial questions of law and thereafter could have passed the stay order. In a recent judgment, Hon’ble Supreme Court has held that before staying order of CESTAT the correct course to be followed by the High Court …
CBIC issues guidelines regarding Revision of Entries post Clearance under section 18A of the Customs Act 1962 Under Section 18A, inserted vide the Section 93 Finance Act, 2025 providing a facility of revision of entry(ies) already made in relation to the goods, after customs clearance has been given. …
FAQs on the new merged Customs notification dated 24.10.2025 and consequential amendments CBIC has issued Notification No. 45/2025-Customs dated 24.10.2025 which supersede 31 customs exemption notifications and prescribes effective rates of customs duty, IGST and compensation cess for goods imported into India. Also Notification No. 44/2025-Customs has been …
Engagement of two Young Professionals (Finance) in the office of Central Registrar of Cooperative Society on contractual basis. The office Of Central Registrar of Cooperative Societies invites applications from eligible individuals for contractual appointment to the 02 posts of Young Professional (Finance) as per the enclosed annexure. Interested …
Chartered Accountant accused of forgery and misappropriation of fund by advising investment in a particular firm gets bail In a recent judgment, Hon’ble Allahabad High Court granted bail to a Varanasi based Chartered Accountant who was accused of forgery and misappropriation of fund by advising investment in a …
Chartered Accountant issuing Form 15CB not required check genuineness or otherwise of documents submitted by his clients – Supreme Court dismissed SLP In A recent judgment, Hon’ble Supreme Court has dismissed SLP against the judgment of Madras High Court which held that Chartered Accountant issuing Form 15CB is …
