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CBDT extends due date of filing of audit report in Form No. 56 u/s 10AA(8) by SEZ Units for Assessment Year 2024-25 to 31.03.2025 F. No. 300173/1112025-ITA-IGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes(ITA-I Division) Circular No. 2/2025 Dated the 13th February, 2025 Sub: Extension …
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 …
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 …
If defects u/s 139(9) removed, date of filing of original return has to be considered for the purpose of computing the period of limitation for issue of notice u/s 143(2) In a recent judgment, the Hon’ble Supreme Court dismissed the Special Leave Petition (SLP) of the Income Tax …
Customs (On-Arrival Movement for Storage and Clearance at Authorised Importer Premises) Regulations, 2025 CBIC has notified the Customs (On-Arrival Movement for Storage and Clearance at Authorised Importer Premises) Regulations, 2025. The Regulation shall come into force with effect from the date to be notified subsequently. The Regulation provides …
NFRA finds significant deficiency in the verification of related party transactions and arm’s length price by PWCA LLP Section 132 of the Companies Act, 2023 inter alia, mandates NFRA, to monitor compliance with Auditing and Accounting Standards, to oversee the quality of service of the professions associated with …
Empanelment of CA/CS/CMA as Mediators or Conciliators for FY 2025-26 at RD Chennai Regional Director, Southern Region, Chennai, MCA has invited applications for empanelment of experts as Mediators or Conciliators for Financial Year 2025-26 The Ministry of Corporate Affairs (MCA) has empowered the Regional Director(s) to prepare and …
