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ICAI FAQ on Revised SA 570 Going Concern Applicable for audits of financial year 2017-18 Frequently Asked Questions on SA 570 (Revised) ‘Going Concern’ (Applicable for audits of financial year 2017-18) ICAI had issued Revised SA 570-Going Concern along with other Standards, SA 700 (Revised), SA 701, SA 705 …
Task Force to submit draft of new direct tax law by 22nd August, 2018. Extension of the term by three months beyond the initial term of six months. In order to review the existing Income-tax Act, 1961 and to draft a new direct tax law in accordance with economic needs …
Supreme Court declines to quash goods seizure order under UP GST Act when Assistant Commissioner had sufficient reasons to pass the order. ABCAUS Case Law Citation: ABCAUS 2345 (2018) (05) SC Vacation Bench of the Supreme Court has declined to interfere with the order passed by the Allahabad High …
Not referring objections of the assessee to DVO and passing order was clearly denial of principles of natural justice. ITAT deleted addition and remanded the case ABCAUS Case Law Citation: ABCAUS 2344 (2018) (05) ITAT The assessee was an individual. During the course of assessment proceedings, it was …
Prosecution u/s 420 of IPC disentitles benefit of IDS-2016 as scheme not apply to prosecution of any offence punishable under Chapter IX or Chapter XVII of the IPC-High Court ABCAUS Case Law Citation: ABCAUS 2343 (2018) (05) HC By the Finance Act, 2016 Government came with a scheme …
Resigned Director liable to pay service tax for his period. High Court declined to stay arrest or appearance before DG GST Intelligence in connection with the investigation/enquiry
ICAI invites suggestions on Draft Revised Syllabus for the Post Qualification Course on Information Systems Audit Inputs/ Suggestions Invited on Draft Revised Syllabus for the Post Qualification Course on Information Systems Audit formulated by Digital Accounting and Assurance Board of ICAI latest by 31st May, 2018
Inclusion of period of deduction u/s 80-IA and 80-IB for counting ten years for Section 80-IC is limited to industrial undertakings set-up in North-Eastern Region-Supreme Court ABCAUS Case Law Citation: ABCAUS 2341 (2018) (05) SC The assessee was a manufacturer in Himachal Pradesh and being an industrial undertaking, …
Extension of date for filing GSTR-3B return for the month of April 2018 due to certain technical issues. Date extended by two days, till 22nd May, 2018 Press Release 18th May, 2018 Extension of date for filing return in FORM GSTR-3B for the month of April, 2018 It has been …
Jurisdiction of AO cannot be challenged after completion of assessment proceedings. ITAT dismissed assessee’s appeal in view of provisions of section 124(3)(a) The appellant assessee by cross objections had challenged the order passed by the CIT(A) in confirming the action of the Assessing Officer (AO) in framing the …
