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Aligarh Jila Sahkari Bank Ltd invites application for Concurrent Audit for FY 2024-25 Aligarh District Cooperative Bank Ltd. has invited application from Chartered Accountants Firms for Concurrent Audit for FY 2024-25 of its Head Office and 19 branches The application for empanelment is to be uploaded on Government …
Reasons assigned for explaining the condonation of delay are to be construed with a justice oriented approach – ITAT In a recent judgment, ITAT Chandigarh condoned the delay in filing appeal before CIT(A) due to mistake of counsel observing that Courts are unanimous in their approach to propound …
RBI allows resident exporter to maintain Foreign Currency Account with bank outside India Reserve Bank of India(Foreign Exchange Department)(Central Office) Notification Mumbai, the 14th January, 2025 Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) (Fifth Amendment) Regulations, 2025 No. FEMA 10(R)(5)/2025-RB.—In exercise of the …
Cancellation of GST registration quashed as notice was sent on the ground of non filing of return but cancellation was done on a different ground In a recent judgment, Allahabad High Court has quashed the order cancelling GST registration when show cause notice was given for cancellation of …
ICAI notifies Dates of CA Foundation, Intermediate and Final Exams May 2025 The Institute of Chartered Accountants of India has announced the next Chartered Accountants Foundation, Intermediate and Final Examinations to be held in May 2025 The examination in Post Qualification Course viz.: International Taxation –Assessment Test (INTT …
Grounds of arrest must be explained to the arrested person and also furnished to him in writing – CBIC revised guidelines for arrest and bail under GST laws. GST Investigation Wing of the Central Board of Indirect Taxes and Customs (CBIC) has vide Instruction No. 01/2025-GST dated 13.01.2025 …
Shares sold after seven years cannot be considered as an accommodation entry in penny stock Shares sold after seven years cannot be considered as an accommodation entry in penny stock – Supreme Court dismisses SLP In a recent judgment, Hon’ble Supreme Court has dismissed a SLP of the …
Date extended for furnishing GST returns for the month of December 2024 CBIC, on the recommendations of the GST Council has extended the time limit for furnishing the following GST returns: Form GSTR-5 – return by a non-resident taxable person for the month of December, 2024 till the …
Notice u/s 148 invalid as reasons recorded incorrect information that return was processed u/s 143(1) and no scrutiny assessment was done under Section 143(3) of the Act. In a recent judgment, Hon’ble Supreme Court has dismissed a SLP of the Revenue against the judgment of the Gujarat High …
No bar in law in issuing two GST show cause notices for the same period with a different/distinct subject matter – High Court In a recent judgment, Allahabad High Court has held that there is no bar in law in issuing two show cause notices by GST Authorities …
