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Earlier acceptance of investment is a relevant evidence in evaluating subsequent allegation that investments were fictitious from inception – High Court In a recent judgment, Hon’ble High Court has dismissed appeal of the Income Tax Department alleging fictitious investment observing that the earlier acceptance of the investments does …
A bald statement recorded during survey would not in itself be a foundation for any addition – ITAT In a recent judgment, ITAT Delhi has held that a bald statement recorded during the course of survey would not in itself be a foundation for any addition, especially if …
ICAI issued Guidelines for responding to Tenders by Chartered Accountants The ICAI has issued Tender guidelines to Chartered Accountants for responding to tenders with our without prescribing any minimum fee. GUIDELINES ON TENDERS THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA The Institute of Chartered Accountants of India (ICAI) …
Empanelment to act as ICAI exam observers for January 2027 CA Examination. Last date to apply is 20.11.2026 Empanelment of Chartered Accountant Members to act as Observers at Examination Centres for The Chartered Accountants Examinations to be held in January 2027. ICAI proposes to empanel members to act …
No arrest under GST- Major decision taken in 57th Meeting of the GST Council on 8th October 2026 PRESS RELEASE The 57th Meeting of the GST Council was held on 08/10/2026. GST Council made recommendations relating to process reforms primarily covering registration, returns, refund and adjudication; clarifications regarding …
A subsequent Apex Court ruling on the substantive issue cannot retrospectively make an act done in compliance of a binding judicial order a statutory default In a recent judgment, ITAT Agra has held that a subsequent order passed by the Hon’ble Apex Court in respect of the substantive …
Interest payment on mobilisation advance to NHAI not liable for deduction of tax at source u/s 194A – ITAT Interest payment on mobilisation advance made by the assessee to NHAI not liable for deduction of tax at source u/s 194A of the Income Tax Act, 1961 (the Act). …
Typographical error in turnover declared in ITR was not as a mistake apparent from the record u/s 154 when AO during assessment accepted the same after enquiry- ITAT In a recent judgment ITAT has held that where difference in sales declared in ITR and VAT return arose only …
Ground taken by assessee that he was not aware of the order cannot be brushed aside so lightly in absence of any proof otherwise – High Court In a recent judgment Hon’ble High Court while condoning the delay of eight years in filing appeal has held that the …
In an order rejecting stay of income tax demand there should be a recital of the merits whether it is a case for stay or not. In a recent judgment, Hon’ble High Court has held that in the order rejecting stay of income tax demand there has to …
