Month: June 2025

Registration for Empanelment of Internal Auditor at National Stock Exchange (NSE) is open Registration for Empanelment of Internal Auditor at National Stock Exchange (NSE) is open. CA/CMA and CS are eligible for audit. Eligibility Criteria: 1. Auditor in the Audit Firm should be an independent qualified Chartered Accountant …

Without enquiring when the order was actually served, dismissing the appeal for inordinate delay was not justified – ITAT In a recent judgment, ITAT Lucknow has held that without enquiring into, when assessee was actually served with the order, dismissing the appeal for inordinate delay was not justified. …

Registrar Cooperative Societies invites application for concurrent/statutory audit for FY 2024-25 & 2025-26 Appointment of Auditor for Co-operative Societies/Co-operative Banks registered with Registrar Co-operative Societies, Govt. of NCT of Delhi from 1st April 2025 to 28th August 2025. The Registrar, Cooperative Societies has invited online application for appointment …

Hiring of Chartered Accountant (CA) for Accounting & Tax related Services for JKPCL For FY 2024-25 JKPCL has invited e-bids from eligible Chartered Accountant (CA) firms for providing Accounting & Tax related services for JKPCL for FY 2024-25. Jammu Kashmir Power Corporation Limited (JKPCL), a Public Sector Undertaking …

Vague references to “incriminating material” without disclosing basis or specification of the evidence rendered the jurisdiction transfer order u/s 127(2) unsustainable – High Court In a recent judgment, Calcutta High Court has held that vague references to “incriminating material” without disclosing basis or specification of the evidence rendered …

Contingent liabilities not debited to profit and loss account cannot be added merely on the basis of disclosure in the tax audit report – ITAT  In a recent judgment, ITAT Ahmedabad deleted adjustment made by CPC u/s 143(1)(a) holding that contingent liabilities which are not debited to the …

Direction of Magistrate to surrender passport in compliance of bail condition in a GST evasion case was not violative of fundamental rights or directions of Apex Court In a recent judgment, District & Sessions Court Delhi has held direction of the Magistrate to surrender passport in compliance of …

Penalty u/s 271B can not be levied in a case where tax audit report was furnished before completion of the assessment In a recent judgment, ITAT Cochin has held that penalty u/s 271B can not be levied for non furnishing of tax audit report within due date as …

ICAI sets up two new branch offices in Southern India Regional Council (SIRC) ICAI has issued notification setting up of two new branch offices in Southern India Regional Council w.e.f. 27.05.2025 as under: 1. Khammam Branch The Khammam Branch shall be known as Khammam Branch of Southern India …

ITAT deleted addition for cash deposit on account of the statement given by the Prime Minister, press statement and CBDT SOP In a recent judgment, ITAT Chennai has held that addition u/s 69A cannot be sustained on account of the statement given by the Prime Minister, press statement …