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Finding of ITAT that retracted statement cannot be termed as incriminating material not appealable before High Court In a recent judgment, Hon’ble Guwahati High Court has held that finding of the ITAT and CIT(A) that retracted statement cannot be termed as incriminating material not liable to be interfered …
Council Office/Head Office of ICMAI shifted to New Delhi from Calcutta The Institute of Cost and Works Accountants of India (ICMAI) was established on 28th May, 1959 by a special act of Parliament, namely, the Cost and Works Accountants Act, 1959 as a statutory professional body for the …
RFP invited for Appointment of empanelled Chartered Accountant Firm(s) for undertaking concurrent audit of the payments of benefits to subscribers under Unified Pension Scheme (UPS) The National Pension System Trust (hereinafter referred to as ‘NPS Trust’) invites bids for appointment of empanelled Chartered Accountant Firm(s) (hereinafter referred to …
Income tax penalty can not be imposed on the HUF which was no longer in existence and dissolved upon partition In a recent judgment, Hon’ble Calcutta High Court has held that income tax penalty can not be imposed on the HUF which was no longer in existence. Even …
Validity period for receiving and utilising the foreign contribution through an application of prior permission Under the FCRA, 2010, every person having a definite cultural, economic, educational, religious or social programme may, if it is not registered with the Central Government under section 1 1(1), accept any foreign …
SEBI warns Mr. Saravana R an unregistered investment advisor at Cosmofeed platform The Securities and Exchange Board of India (SEBI) issued a warning to Saravana R, Bengaluru associated with Cosmofeed, due to his involvement in providing unauthorized investment advice through social media platforms Cosmofeed is an all-in-one platform …
Simplification of procedures related to Air Cargo Movement & Transhipment. Harmonise procedure for movement of Unit Load Devices (ULD) outside Customs Area for of high-value or perishable nature of goods in import/export A need was felt for facilitating upgradation of infrastructure and warehousing for air cargo including high …
The Goods and Services Tax Appellate Tribunal (Procedure) Rules 2025, notified The Goods and Services Tax Appellate Tribunal (Procedure) (GSTAT) Rules, 2025, notified by the Central Government on April 24, 2025, via notification no. G.S.R. 256(E), outline the procedural framework for the functioning of the Goods and Services …
CBDT enlarges the scope of section 37, to exclude expenditure incurred to settle proceedings under four laws out of business expenditure CBDT has issued notification enlarging the scope of section 37, to exclude from the definition of business expenditure, any expenditure incurred to settle proceedings under four laws …
Supply of service by a club or association to its members is not a taxable service for the purposes of GST. In a recent judgment, Hon’ble Kerala High Court has held that supply of service by a club or association to its members is not a taxable service …
