AO using the terms “underreporting” and “misreporting as a consequence of underreporting” loosely, showed he was unaware of the different connotations and their implications.  In a recent judgment, ITAT Agra has deleted penalty under section 270A observing that the AO apparently used the terms “underreporting” and “misreporting as …

Waiver of late fee payable for delay in furnishing FORM GSTR-7 for June 2021 onwards Waiver of late fee payable u/s 47 of Delhi GST Act 2017 by any registered person, required to deduct tax at source for delay in furnishing return FORM GSTR-7 for the month of …

Dispute of title of immovable property fall exclusively within the jurisdiction of civil courts and not revenue authorities. In a recent judgment, Hon’ble Supreme Court has held that dispute relating to title of immovable property fall exclusively within the jurisdiction of civil courts and not revenue authorities. Revenue …

ITAT directs AO to examine claim of deferred revenue expenditure not claimed in profit and loss account In a recent judgment, ITAT Indore has directed AO to examine claim for deduction of expenses treated by assessee as “deferred revenue expenses” in books of account as books entries are …

For prosecution u/s 138 of NI Act 1881 reproducing language of Section 141 in verbatim or attributing specific role to the directors not necessary – SC  In a recent judgment Hon’ble Supreme Court held for prosecution under section 138 of Negotiable Instrument Act, 1881 reproducing language of Section …

Punjab & Sind Bank Concurrent Auditfrom Chartered Accountant Firms/Retired  Online Empanelment FY 2025-26   Punjab & Sind Bank has invited applications from Chartered Accountant Firms / Retired Officers for Concurrent Audit Assignments for the period 01.07.2025 to 30.06.2026 The last date for submission of online application is 31.05.2025. …