ICAI sets up a branch of CIRC at Korba city (Chhattisgarh) w.e.f. 6th February, 2026
Council of the Institute of Chartered Accountants of India has notify the setting up of a Branch of Central India Regional Council at Korba city (Chhattisgarh) with effect from 6th February, 2026.
As per Notification dated 24.02.2026 the Branch shall be known as Korba Branch of Central India Regional Council and its Headquarters shall be Korba city (Chhattisgarh).
The Jurisdiction of the Branch shall besides Korba city, include the following cities/towns falling within a distance of 50 kms from the city limits of Korba: –
1. Janjgir
2. Champa
3. Janjgir-Champa
As prescribed under sub-regulation (3) of Regulation 159, the Branch shall function subject to the control, supervision and direction of the Council through Central India Regional Council and shall carry out such directions as may, from time to time, be issued by the Council.
- Related party transaction u/s 40A(2) shall be treated as bona fide, unless evading tax
- ‘Transfer of property’ not include ‘acquiring’ of property or ‘purchasing’ of property – ITAT
- AO was not justified in questioning cash withdrawals from bank account – ITAT
- Return/Balance sheet filed within limitation extended by SC to be considered within time
- Satisfaction Note u/s 153C – term immediate cannot be extended to unreasonable delay
