Day: August 20, 2024
RBI launches nationwide RBI90Quiz for undergraduate students. Final Prize is Rs. 10 Lakhs RBI has launched RBI90Quiz for undergraduate students who are not more than 25 years of age and pursuing bachelor’s degree. Reserve Bank of India (RBI) on the occasion of 90th Anniversary has announced launch of the RBI90Quiz for …
Cash basis accounting of late payment surcharge on electric bill held not prejudicial to Revenue In a recent judgment, the Hon’ble High Court of Meghalaya has upheld the order of ITAT that accounting of electricity late payment surcharge on cash basis instead of accrual basis was not prejudicial …
High Court restored the appeal as it was dismissed only due to no provision under GST Act to condone delay In a recent judgment, Hon’ble Madras High Court quashed the impugned order in DRC-07 and remanded the case as assessee’s appeal was rejected only on the ground that …
NFRA imposed a penalty of Rs. 10 crores on CA firm in Cafe Coffee Day company Scam In a recent judgment, NFRA has imposed a heavy exemplary penalty of Rs. 10 crores on CA firm and Rs. 50 lakhs on engagement partner and ban for 10 years for misconduct …
