AO was not justified in making addition by adopting method of extrapolation without bringing any material evidence in support – ITAT In a recent judgment, ITAT Delhi has held that AO was not justified in making addition by adopting the method of extrapolation without bringing any material evidence …
Court can not sit over comparative financial attractiveness of rival offers or to substitute its own view for the decision taken by the CoC in IBC In a recent judgment, Hon’ble Supreme Court has held that it cannot be called upon to sit over the comparative financial attractiveness …
When quantum appeal stands restored to the AO, penalty can not be levied u/s 221(1) of the Income Tax Act for non -payment of the demand. In a recent judgment, Allahabad ITAT has held that when the quantum appeal stands restored to the file of the AO and …
Even if, the assessee is engaged in the bogus purchases, the entire purchases cannot be disallowed – ITAT In a recent judgment, ITAT Guwahati has held that even if, the assessee is engaged in the bogus purchases, the entire purchases cannot be disallowed. ABCAUS Case Law Citation:5076 (2026) …
Order to stock broker through WhatsApp may be considered as legally verifiable record – SEBI SEBI in an informal guidance has stated that order to stock broker through WhatsApp from the registered mobile number of the clients may be considered as legally verifiable record. SEBI had issued circular …
ICAI Guidance Note on Audit of Banks 2026 Edition ICAI has issued 2025 edition of the Guidance Note on Audit of Banks. The revised 2026 edition incorporates the impact of the various circulars of the Reserve Bank of India as well as certain important advisories, pronouncements of the …
AO was not justified in making addition by adopting method of extrapolation without bringing any material evidence in support – ITAT In a recent judgment, ITAT Delhi has held that AO was not justified in making addition by adopting the method of extrapolation without bringing any material evidence …
When quantum appeal stands restored to the AO, penalty can not be levied u/s 221(1) of the Income Tax Act for non -payment of the demand. In a recent judgment, Allahabad ITAT has held that when the quantum appeal stands restored to the file of the AO and …
Even if, the assessee is engaged in the bogus purchases, the entire purchases cannot be disallowed – ITAT In a recent judgment, ITAT Guwahati has held that even if, the assessee is engaged in the bogus purchases, the entire purchases cannot be disallowed. ABCAUS Case Law Citation:5076 (2026) …
High Court denied pre-arrest bail to accused of fake ITC utilisation on possibility of misusing the concession of pre arrest bail In a recent judgment, High Court of Punjab & Haryana denied pre-arrest bail to accused of fake ITC utilisation observing that there was possibility of petitioner’s misusing …
Civil Court decreed refund of security deposit of VAT era as in GST Regime there is no requirement of security deposit at the time of registration. In a recent judgment, Civil Court Judge decreed refund of security deposit in the form of Fixed Deposit given at the time …
Allahabad High Court disposes GST appeals observing that the functioning of GST Appellate Tribunal are put to motion Allahabad High Court disposes GST appeals observing that once the procedure has been notified and appointments of the Presidents and the Members have been made to the respective Benches of …
Pillar Two model rules – MCA has notified the Companies (Accounting Standards) Amendment Rules, 2026 to amend Accounting Standard (AS) 22 Taxes on income. It has been provided that the Accounting Standard applies to taxes on income arising from tax law enacted or substantively enacted to implement the …
MCA introduces Companies Compliance Facilitation Scheme 2026 Ministry of Corporate Affairs has issued General Circular No. 01/2026 dated 24.02.2026 introduced Companies Compliance Facilitation Scheme, 2026 to give a one-time opportunity to allow defaulting companies to file their documents related to Annual Return and Financial Statements in the MCA-21 …
Provisions of the Limitation Act, 1963 not apply to quasi-judicial bodies or tribunals, unless they are specifically empowered in that regard – Supreme Court In a recent judgment, Hon’ble Supreme Court has held that provisions of the Limitation Act, 1963 apply only to suits, applications or appeals made …
AO was not justified in making addition by adopting method of extrapolation without bringing any material evidence in support – ITAT In a recent judgment, ITAT Delhi has held that AO was not justified in making addition by adopting the method of extrapolation without bringing any material evidence …
Court can not sit over comparative financial attractiveness of rival offers or to substitute its own view for the decision taken by the CoC in IBC In a recent judgment, Hon’ble Supreme Court has held that it cannot be called upon to sit over the comparative financial attractiveness …
When quantum appeal stands restored to the AO, penalty can not be levied u/s 221(1) of the Income Tax Act for non -payment of the demand. In a recent judgment, Allahabad ITAT has held that when the quantum appeal stands restored to the file of the AO and …
ICAI Guidance Note on Audit of Banks 2026 Edition ICAI has issued 2025 edition of the Guidance Note on Audit of Banks. The revised 2026 edition incorporates the impact of the various circulars of the Reserve Bank of India as well as certain important advisories, pronouncements of the …
ICAI specifies categories to which ceiling of 60 audits applicable for UDIN generation Field-Level Validation for all sub-categories under section 44AB at the time of UDIN generation under ‘GST and Tax Audit’ category The ICAI has decided to implement a ceiling on the maximum number of UDINs that …
ICAI (Global Networking) Guidelines 2025 ICAI has issued ICAI (Global Networking) Guidelines 2025 to promote Networking amongst one or more Chartered Accountant firm (s), Networks and other entities registered with ICAI with networks or entities established and registered outside India in their respective jurisdiction; and shall also apply …
Excel Form 10E-Salary Arrears Relief calculator AY 2026-27 (FY 2025-26) for claiming rebate under section 89(1) of Income Tax Act 1961-Download version 3.15 As per section 89(1) of the Income Tax Act, 1961 relief for income tax has been provided when in a financial year an employee receives …
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 …
NHIDCL is hiring CA/CMA and others as Young Professionals – Last date to apply is 14.04.2026 The National Highways and Infrastructure Development Corporation Limited (NHIDCL) has invited applications from dynamic and motivated professionals for engagement as Young Professionals to contribute towards the development ,management , and delivery of …
Central Bank of India Concurrent audit online empanelment for financial year 2026-27. Last Date for filing Online Applications is 15.03.2026 Central Bank of India Concurrent audit online empanelment 2026-27 Central Bank of India invites online applications from practicing CA Firms and Ex-Staff for assigning concurrent audit of its …
Controller General of Defence Accounts invites application for engagement of CAs as Young Professionals The office of the Controller General of Defence Accounts (CGDA) invites application for engagement of twelve (12) Young Professionals (YPs) on contract basis for one year (extendable upto a maximum of two years) to …
CBIC prescribes procedures for return of export cargo from international waters due to closure of the Strait of Hormuz where the vessel has landed at an Indian port other than the original port of departure Return of export cargo from international waters due to closure of the Strait …
CBIC prescribes procedure for handling of returning export cargo from international waters due to closure of the Strait of Hormuz and waiver of levy of additional fee CBIC has considered the representations received from field formations indicating that, due to the closure of the Strait of Hormuz and …
High Court has awarded interest @ 12% p.a. on excessive excise duty refunded after twelve years after petitioners was compelled to deposit it. In a recent judgment, Rajasthan High Court has awarded interest @ 12% p.a. on the excise duty refunded after twelve years to compensate for the …
NHIDCL is hiring CA/CMA and others as Young Professionals – Last date to apply is 14.04.2026 The National Highways and Infrastructure Development Corporation Limited (NHIDCL) has invited applications from dynamic and motivated professionals for engagement as Young Professionals to contribute towards the development ,management , and delivery of …
Controller General of Defence Accounts invites application for engagement of CAs as Young Professionals The office of the Controller General of Defence Accounts (CGDA) invites application for engagement of twelve (12) Young Professionals (YPs) on contract basis for one year (extendable upto a maximum of two years) to …
Securities and Exchange Board of India (SEBI / Board) has invited applications from under its Young Professional Program. SEBI Young Professional Program (YPP) is intended to provide an exceptional opportunity to qualified and motivated young professionals to learn the nuances of Indian capital markets and functioning of a …
