Month: August 2024
ICAI debars five Chartered Accountants found guilty of Professional Misconduct. In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rules 18(17) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, the Disciplinary …
Order u/s 263 was bad as CIT did not specify how he arrived at figure of excess depreciation allegedly claimed by the assessee In a recent order, Hon’ble Supreme Court has dismissed SLP against the order of the Hon’ble Bombay High Court upholding the ITAT that CIT did …
Limitation Period to pass revisionary order u/s 263 stood extended by TOLA 2020 In a recent judgment, Hon’ble Orissa High Court has upheld that limitation Period to pass revisionary order u/s 263 stood extended by TOLA 2020. Competence of the Legislature through Parliament to relax provisions in earlier …
RBI warns public of enticing and threating tactics used by fraudsters using name of RBI According to RBI, it has come to know that unscrupulous elements are using various methods to defraud members of the public by using the name of RBI in some capacity. A brief on …
Certificate of identity issued under Transgender Persons (Protection of Rights) Act, 2019 shall be a valid proof for PAN Card Application – Government tells Supreme Court In April 2018 CBDT had amended Form 49 and Form 49AA Application for PAN Card by adding option of selecting “Transgender” along …
Order passed u/s 148A(d) set aside as personal hearing was not given to submit objections In a recent judgment, Hon’ble Madras High Court has set aside the order passed u/s 148A(d) and notice u/s 148A for not providing opportunity of personal hearing to submit his objections to reopening. …
FCRA issues advisory against fake/fraud emails/documents being circulated in the name of officials of Ministry of Home Affairs Ministry of Home Affairs (FCRA Division) has issued an alert regarding instances of fraudulent emails / communications containing fake logos, fake official email addresses, fake documents using names of officials …
UPSC is allowed to perform Aadhaar authentication for verification of identity of candidates Central Government has allowed Union Public Service Commission to perform Aadhaar authentication, on voluntary basis, for verification of identity of candidates at the time of registration. The notification issued is as under: MINISTRY OF PERSONNEL, …
Andhra Pradesh Grameena Vikas Bank invites applications for empanelment of Chartered Accountant firms for conducting of Concurrent Audit for FY 2024-25 Empanelment of Chartered Accountant firms for conducting of Concurrent Audit at Andhra Pradesh Grameena Vikas Bank, Warangal. Eligibility Criteria For Empanelment Of Chartered Accountant Firms as Concurrent …
Section 263 makes it incumbent to the Pr. CIT to conduct enquiry. In a recent judgment, Hon’ble High Court of Chhattisgarh has held that Section 263 makes it incumbent to the Pr. CIT to conduct enquiry. The reasons for satisfaction or non-satisfaction are required to be recorded. ABCAUS …
