Month: October 2026

CBIC has issued clarification in respect of receipt of payment for export of goods or services and refund of GST Circular No. 263/09/2026-GST F. No. CBIC-20001/2/2026-GST Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes & Customs GST Policy Wing  Room No. 16039, …

CBIC has issued detailed guidelines for the handling applications for GST registration. In a circular issued in this regard, the CBIC has stated that it had been observed that the reasons for rejection and the nature of queries raised during GST registration processing, indicated that delays or rejections …

Notice u/s 148 set aside as it was issued on the basis of same facts and material which were already examined by the CIT(A) in favour of the assessee. In a recent judgment, Hon’ble High Court has set aside notice issued u/s 148 for reopening the assessment, on …

CoC after approving Resolution Plan can’t seek withdrawal of the same on improved financial position of the Corporate Debtor – SC In a recent judgment, the Hon’ble Supreme Court has held that an improved profitability alone cannot be a reason to refuse approval if the Resolution Plan meets …

We cannot be blind to reality of money laundering through accommodation entries, mere paper trail not enough – ITAT In a recent judgment upholding the addition u/s 68, the Tribunal held that it cannot be blind to the reality of money laundering through accommodation entries, and it was …

A claim of deduction made in return, even if found inadmissible, does not automatically lead to misreporting of income – ITAT In a recent judgment, ITAT deleted penalty u/s 270A holding that a claim of deduction made in the return, even if ultimately found to be inadmissible, does …

After holding that the cash receipts and cash payments are unexplained, ad-hoc estimation of income can not be adopted – High Court In a recent judgment, Hon’ble High Court has held that ITAT after holding that the cash receipts and cash payments are unexplained, can not, adopt an …

Dividing total turnover by 365 days and concluding that assessee could not have made such cash sale on a single day is based purely on conjectures and surmises – ITAT In a recent judgment Allahabad ITAT has held that the action of the Assessing Officer (AO) in making …

NERIST Arunachal Pradesh invites EoI for Empanelment of Chartered Accountant firm North Eastern Regional Institute of Science and Technology, (NERIST) Arunachal Pradesh has invited Expression of Interest (Eol) for Empanelment of Chartered Accountant firm for undertaking regular accounting supports on monthly concurrent basis in Tally ERP, financial reporting, …

Sibsagar University invites Expression of Interest (EOI) for Appointment of Internal Auditor  Sibsagar University invites Expression of Interest (EOI) from reputed Chartered Accountants/Firms to conduct internal audit of the Accounts of the University for the period 01.08.2024 to 31.03.2026. Eligibility Criteria for Chartered Accountant Firm (i) The Chartered Accountant …