• ICAI

ICAI Implementation Guide to Standard on Auditing 701-Communicating Key Audit Matters

8 years ago

Implementation Guide to Standard on Auditing (SA) 701-Communicating Key Audit Matters in the Independent Auditor’s Report The Auditing and Assurance…

  • Income Tax

Providing mid day meals to students is charitable activity as general public utility u/s 2(15)-High Court

8 years ago

Providing mid day meals to students is charitable activity as general public utility u/s 2(15)-High Court uphelds ITAT order directing…

  • Excise

CESTAT erred in granting Cenvat Credit on Boiler Structure on the basis of CBEC Circular-High Court

8 years ago

CESTAT erred in granting Cenvat Credit on Boiler Structure on the basis of CBEC Circular-High Court  ABCAUS Case Law Citation:…

  • Income Tax

Membership Fee paid to Stock Exchange is Capital Expenditure not Revenue in nature-High Court

8 years ago

Membership Fee paid to Stock Exchange is Capital Expenditure applying "enduring benefit" and “once and for all” payment test-High Court…

  • Scam

PNB denies receiving instructions from Government for conducting forensic audit.

8 years ago

PNB denies receiving Govt. instructions for conducting forensic audit.  Punjab National Bank (PNB) in its latest communication to Bombay Stock…

  • Income Tax

Booking of flat with builder is construction within the meaning of section 54 for claiming LTCG dedcution ITAT

8 years ago

Booking of flat with builder is construction within the meaning of section 54 and hence period of three years apply…

  • Income Tax

Provisions of Section 44AD not apply when the gross receipts is in excess of 40 lakhs

8 years ago

Provisions of Section 44AD not apply when the gross receipts is above 40 lakhs.  High Court remands the case back…

  • RBI

RBI’s statement on fraud in PNB-No instruction given to PNB to meet its commitments under LOU to other banks

8 years ago

RBI’s statement on fraud in PNB-No instruction given to PNB to meet its commitments under the Letter of Undertaking (LOU) to…

  • Supreme Court

Constitutional validity of Section 21A of the Banking Regulation Act upheld by Supreme Court

8 years ago

Constitutional validity of Section 21A of the Banking Regulation Act upheld by Supreme Court. PIL challenged it on the ground…

  • CBEC

Compilation of orders of Supreme Court, High Courts and CESTAT, accepted by CBEC

8 years ago

Orders of Supreme Court, High Courts and CESTAT accepted by the CBEC and on which no review petitions, SLPs have…