ICAI

New-Revised Standards on Auditing issued by Institute of Chartered Accountants of India (ICAI)

Recent Posts

  • Income Tax

Sale of flats in a real estate project held capital gains considering intention of assessee

Sale of flats in a real estate project held capital gains as intention of the assesee was to hold that…

16 hours ago
  • Income Tax

Interest liability recognised by journal entries at the close of year, can’t be termed as fictitious – ITAT

Merely because interest liability was recognised by journal entries at the close of the year, it does not make expenditure…

1 day ago
  • Income Tax

Cash deposits in bank which were immediately transferred to other accounts – addition deleted

Addition for cash deposits in bank account which were immediately transferred to other accounts deleted in absence any enquiry by…

2 days ago
  • Income Tax

ITAT disallows 6% for alleged bogus purchases being appropriate

ITAT disallows 6% for alleged bogus purchases as purchases from unregistered dealers could not be ruled out. In a recent…

2 days ago
  • Income Tax

CBDT can’t restrict power of CIT u/s 119(2)(b) to condone delay beyond six years – High Court

CBDT Circular can’t restrict powers of Income Tax Authority u/s 119(2)(b) to condone delay beyond six years In a recent…

4 days ago
  • Income Tax

ITAT allows benefit of the cash bought at the time of migration from Pakistan

Benefit of the cash bought at the time of migration from Pakistan allowed as assessee fulfilled conditions of CBDT Circular…

5 days ago