ICAI (Global Networking) Guidelines, 2025 kept in abeyance
In February 2026, ICAI had issued ICAI (Global Networking) Guidelines 2025 to promote Networking amongst one or more Chartered Accountant firm (s), Networks and other entities registered with ICAI with networks or entities established and registered outside India in their respective jurisdiction; and shall also apply to Networks registered with ICAI granting affiliation to overseas entity(ies). The Guidelines were to come into force from 17th February 2026.
However, the Institute vide Notification dated 13.07.2026 has decided to kept the ICAI (Global Networking) Guidelines 2025 in abeyance until further orders .
- Cash withdrawal from bank can’t be taxed u/s 69C as unexplained expenditure – ITAT
- A bland statement of ‘fraud or concealment of facts” in GST Notice u/s 74 not sufficient – SC
- For claiming deduction u/s 57(iii), test is of purpose and connection, not actual yield – ITAT
- Unless medical certificate are held forged & fictitious, appeal can’t be rejected on ground of delay
- One Star Export House status allowed based on export performance in two FYs
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