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When appeal is pending before CIT(A), revisionary jurisdiction u/s 263 can not be exercised – ITAT ABCAUS Case Law CitationABCAUS 3612 (2022) (09) ITAT Important Case Laws relied upon by parties Smt. Renuka Philip vs. ITO 409 ITR 567 (Mad)CIT vs. Vam Resorts and Hotels Pvt. Ltd. 418 …
Mandatory evaluation of the Audit Quality Maturity of the firms using Revised Audit Quality Maturity Model (AQMM Rev v1.0) – ICAI Announcement According to latest ICAI Announcement, w.e.f. 1st of APRIL 2023, the firms auditing the following types of entities shall be mandatorily required to undertake an evaluation …
Income Tax appeals cannot be proceeded with during the continuance of the proceedings under IBC ABCAUS Case Law CitationABCAUS 3611 (2022) (09) ITAT Important Case Laws relied upon by parties Ghanashyam Mishra And Sons vs Edelweiss Asset Reconstruction (2021) 126 taxmann.com 132 (SC)Mahavir Roads & Infrastructure Pvt. Ltd., …
CBIC has Guidelines for filing/revising TRAN-1/TRAN-2 in terms of order of Hon’ble Supreme Court. In terms of Hon’ble Supreme Court’s judgment in Union of India vs. Filco Trade Centre Pvt. Ltd. CBIC has issued Circular No.180/12/2022-GST dated 9th September, 2022 In accordance with the directions of …
GST applicable on service charges levied on cash deposited by non-chest bank branches to the Currency Chests – RBI Clarification RBI has clarified the applicability of GST on the service charges levied on cash deposited by non-chest bank branches to the Currency Chests. It has been clarified that …
Definition of secured creditor in IBC does not exclude Government or Governmental Authority – Supreme Court ABCAUS Case Law CitationABCAUS 3610 (2022) (09) SC Important Case Laws relied upon by parties Swiss Ribbons (P) Ltd. v. Union of IndiaVishal Saxena & Anr. vs. Swami Deen Gupta Resolution ProfessionalAssistant …
Guidelines for launching of Prosecution under the Central Goods & Services Tax Act, 2017 Finance Ministry has issued Instruction No. 04/2022-23 (GST-Investigation) dated 1st September 2022 issuing Guidelines for launching of Prosecution under the Central Goods & Services Tax Act 2017 Prosecution is the institution or commencement …
MCA amends Charge Forms to accommodate signing by insolvency resolution professional or resolution professional or liquidator The Companies (Registration of Charges) Second Amendment Rules 2022. MCA has amended the Companies (Registration of Charges) Rules, 2014 providing for signing of charge e-forms by insolvency resolution professional or resolution …
Auditor to file a declaration in Form DPT-3 on compliance with the Companies (Acceptance of Deposit) Rules 2014 As per Rule 16 of the Companies (Acceptance of Deposit) Rules 2014, companies are required to to file with Registrar a return of deposit in Form DPT-3 before the 30th …
ICAI issues Annual Fee Circular for FY 2022-23 ICAI has requested its CA Members to remit Annual Membership/Certificate of Practice fees for the year 2022-2023, which became due for payment on 1st April, 2022 and needs to be paid on or before 30th September, 2022. The need to …
