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 .
- Sale of flats in a real estate project held capital gains considering intention of assessee
- Interest liability recognised by journal entries at the close of year, can’t be termed as fictitious – ITAT
- Cash deposits in bank which were immediately transferred to other accounts – addition deleted
- ITAT disallows 6% for alleged bogus purchases being appropriate
- CBDT can’t restrict power of CIT u/s 119(2)(b) to condone delay beyond six years – High Court
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