ICAI

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

Recent Posts

  • Income Tax

First-time experience in filing appeal a reasonable & bona fide cause for delay

First-time experience in filing appeal was a reasonable and bona fide cause for delay – ITAT condoned delay In a…

23 hours ago
  • GST

Non-disclosure of destination place in documents no ground for seizure u/s 129 of GST Act.

Mere nondisclosure of place of destination in the documents cannot be a ground for seizure u/s 129 of GST Act.…

23 hours ago
  • arbitration

Charging of exorbitant interest in commercial transactions not against morality or justice

Imposition of exorbitant interest in contemporary commercial practices not against the fundamental policy of Indian Law, or against the morality…

1 day ago
  • Income Tax

Assessees not required to prove “source of the source‟ of funds Prior to Finance Act 2022

Assessees was  not required to prove the “source of the source‟ of funds received as unsecured loans Prior to the…

1 day ago
  • Income Tax

During pendency before settlement commission, assessee have right to contest assessment

The contention that during the pendency of case before settlement commission, the assessee must give up his right to contest…

2 days ago
  • Income Tax

Entire amount of undisclosed money cannot be treated income but only profit embedded

Entire amount of undisclosed money cannot be treated as income and only estimated profit embedded in these transactions may only…

2 days ago