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Prosecution u/s 276CC – Whether default is willful or not is a fact to be decided by trial court on the basis of evidence adduced – High Court ABCAUS Neutral Case Law Citation:ABCAUS 3685 (2023) (03) HC In the instant case, the assessee had filed a Petition before …
Virtual digital asset now covered under the Prevention of Money-laundering Act (PMLA) MINISTRY OF FINANCE(Department of Revenue) NOTIFICATION New Delhi, the 7th March, 2023 S.O. 1072(E).—In exercise of the powers conferred by sub-clause (vi) of clause (sa) of sub-section (1) of section 2 of the Prevention of Money-laundering …
SEBI requires investors to link PAN with Aadhaar number prior to March 31, 2023 Linking of PAN with Aadhaar to be done by March 31, 2023 The provisions of Income – tax Act, 1961, make it mandatory for every person who has been allotted a Permanent Account Number …
ICAI has issued an Implementation Guide to Standard on Auditing (SA) 580 – Written Representations. The Implementation Guide provide practical guidance on implementation of the Standard on Auditing (SA) 580 “Written Representations”. The Standard is effective for audits of financial statements for periods beginning on or after April …
The Prevention of Money-laundering (Maintenance of Records) Amendment Rules, 2023. Ministry of Finance has amended the the Prevention of Money-laundering (Maintenance of Records) Rules, 2005. The meaning of Non-profit organization has been amended to means any entity or organisation, constituted for religious or charitable purposes referred to in …
Revised Guidelines for Appointment / Re-appointment of Statutory Branch Auditors of Public Sector Banks from Financial year 2022-2023 and onwards. RBI has revised Guidelines for Appointment / Re-appointment of Statutory Branch Auditors of Public Sector Banks and norms on Business Coverage under Statutory Branch Audit of Public Sector …
GSTN launches e-invoice registration services with private IRPs GSTN has launched the e-invoice registration services through multiple private IRPs at the recommendation of the GST Council. Four private companies viz. ClearTax, Cygnet, E&Y and IRIS Business Ltd were empaneled by GSTN for providing these e-invoice registration services to …
Accepting rental income from commercial complex as business income instead of house property was erroneous and prejudicial to the interest of Revenue- ITAT ABCAUS Neutral Case Law Citation:ABCAUS 3684 (2023) (03) ITAT In the instant case, the assessee had challenged the revisionary order passed by the PCIT u/s …
ITAT slams appellant in filing multiple appeals as abuse of process of Court, against the principles of Res Judicata and principles of Constructive Res Judicata ABCAUS Neutral Case Law Citation:ABCAUS 3683 (2023) (03) ITAT Important Case Laws relied upon by parties:Devilal Modi vs. Sales Tax Officer AIR 1965 …
High Court quashed detention order of UP GST Authorities on presumption that goods was brought into State by two different vehicles by same e-way bill ABCAUS Neutral Case Law Citation:ABCAUS 3682 (2023) (03) HC In the instant case a writ petition was filed by the assessee challenging the …
