ICAI sets up two new branches : at Morbi and Bhiwandi
The Institute of Chartered Accountants of India (ICAI) has changed the name of Ahmednagar Branch of WRIC of ICAI as Ahilyanagar Branch.
ICAI has also notified the setting up of two branches of ICAI first at Morbi District (Gujarat) under WRIC and second at Bhiwadi city (Rajasthan) under CIRC with effect from 8th October, 2025.
The Jurisdiction of the Branches  shall be as under:
| Bhiwadi Branch jurisdiction | Morbi Branch jurisdiction |
| Besides Bhiwadi city, the following cities/towns falling within a distance of 50 kms from the city limits of Bhiwadi: – 1. Tapukara 2. Tijara 3. Khushkhera 4. Neemrana 5. Shahjahanpur (Raj.) | Besides Morbi, 1. Halvad 2. Maliya 3. Morbi 4. Tankara 5. Wankaner |
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- Appeal withdrawn against rejection u/s 12AB as assessee was availing benefit u/s 10(23C)(iiiad)
- When delay not mala fide, right of hearing on merit not to be rejected – ITAT
- Exemption u/s 54 allowed despite failure to deposit in Capital Gains Accounts Scheme
- No addition to be made in hands of assessee solely on basis of uncorroborated loose-sheet
- Claim of Leave Encashment exemption u/s 10(10AA)(ii) dismissed beyond Rs. 3 lakhs
