Day: February 18, 2025
Cost imposed on Authorities for cancelling GST Registration of the assessee without assigning any reason In a recent judgment, the Hon’ble Allahabad High Court has imposed a cost on GST Authorities for cancelling GST Registration of the assessee without assigning any reason for cancellation. ABCAUS Case Law Citation:4418 …
ICAI Guidance Note on Audit of Banks 2025 Edition ICAI has issued 2025 edition of the Guidance Note on Audit of Banks. The revised 2025 edition incorporates the impact of the various circulars of the Reserve Bank of India as well as certain important advisories, pronouncements of the …
Penalty u/s 272A(1)(d) deleted. Though law is equal to all, its implementation should not be in a way to take undue advantage of the inability of the assessee – ITAT In a recent judgment, the ITAT Mumbai has deleted penalty u/s 272A(1)(d) of the Income Tax Act, 1961 …
CBIC introduces Ekal Anubandh – Single Unified Multi-Purpose Electronic Bond in Customs In order to enhance efficiency and reduce the administrative load on businesses, CBIC has decided to introduce a project named “Ekal Anubandh”, wherein trade will be encouraged to use single All-India Multi-purpose Electronic Bond with end-to-end …
Automation of Refund Application and Processing in Customs- Online processing and disbursal of Customs duty refund applications enabled on the Customs Automated System. Currently, Refund Application under section 27 is filed manually in terms of Customs Refunds Application (Form) Regulations, 1995. CBIC has already stipulated procedure for handling …
J&K Grameen Bank Concurrent Audit Empanelment of Bank Retirees, Partnership firms of Chartered/Cost Accountants for Financial Year 2025-26. Last date 28.02.2025 J&K Grameen Bank invites applications on the under-noted prescribed format from Bank Retirees as well as practicing ‘Firms / Partnership firms of Chartered/Cost Accountants in India’ who …
