• ICAI

ICAI again defers Phase IV of Peer Review Mandate to 31.12.2026

10 months ago

Deferment of ICAI Phase IV Peer Review Mandate to 31.12.2026 The ICAI has decided that Phase IV of the Peer…

  • Income Tax

When foundation of reopening does not survive, no addition can be made for other issues

10 months ago

When foundation of reopening does not survive, no addition can be made in respect of other issues - ITAT In…

  • GST

GST Advisory & FAQs on Electronic Credit Reversal & Re-claimed Statement & RCM Liability

10 months ago

GSTN Advisory & FAQs related to Electronic Credit Reversal and Re-claimed Statement and RCM Liability/ITC Statement To ensure correct and…

  • Income Tax

Negligence of tax payer would not make exempt income taxable – ITAT

10 months ago

It is well settled that if any receipt cannot be subjected to tax being exempt under law, negligence of any…

  • GST

For a notice sent by GSTN Portal no inference may be drawn as to its actual service

10 months ago

Since UPGST Authorities unable to inform when notice sent by GSTN Portal may have been retrieved or downloaded, no inference…

  • Income Tax

Cash deposit of Rs. 250000 cr (credit) misread as crores by AO – Plea declined

10 months ago

High Court declines plea of assessee that Income Tax Department wrongly read amount of cash deposit of Rs. 250000 Cr…

  • Income Tax

Discontinuance of business of firm will not vest ownership of firm’s property with partners

10 months ago

Discontinuance of business of partnership firm will not result in vesting ownership of firm's property with individual partners for capital…

  • Income Tax

Release of seized jewellery/gold u/s 132B within 120 days is directory not mandatory

10 months ago

Stipulation of 120 days for release of seized jewellery/gold u/s 132B is directory not mandatory – Delhi High Court In…

  • ICAI

ICAI issues FAQs on key accounting implications arising from New Labour Codes

10 months ago

FAQs on key accounting implications arising from the New Labour Codes Recently, Government consolidated existing labour laws into four new…

  • Income Tax

Deduction u/s 80-IA(7) not allowed for delayed filing of audit report in Form 10CCB

10 months ago

Filing audit report in Form 10CCB within due date is mandatory. The assessee cannot claim deduction u/s 80-IA(7) he ground…