Punjab National Bank scraps RFP for appointment of External auditor to conduct external audit of Bank’s Internal Audit System 2025 As per the PNB notice dated 12.06.2025, all the prospective bidders have been informed that the captioned RFP process has been scrapped. All prospective bidders have been advised …

Government issues 2027 Census Notification The Home Ministry has issued Census 2027 Notification dated 16.06.2025. As per the Notification, Government has declared that a census of the population of India shall be taken during the year 2027. It has been stated that the reference date for the 2027 …

High Court upheld classification of roasted areca nuts under Custom Tariff Entry 2008 19 20 In a recent judgment, the Allahabad High Court held that “roasted areca nuts’ have been rightly classified under Custom Tariff Entry 2008 19 20 ABCAUS Case Law Citation:4601 (2025) (06) abcaus.in HC Important …

Delay in filing Form 56F was only a procedural lapse and that cannot be a ground for not granting the deduction claimed under Section 10AA of the Act.  In a recent judgment, the Madras High Court has upheld that delay in filing Form 56F was only a procedural …

University of Calcutta has invited e-tenders form chartered accountants firms for income tax matters The University of Calcutta invites e-tenders for the following work from experienced & bonafide firms/ organizations having credential of similar nature of work in any Government/ SemiGovt./State Aided University/Autonomous Govt. aided Institution. Earnest Money …

Declaring surrendered income in PL Account as “Indirect Income” and reflected it in closing stock does not indicate any tax evasion. In a recent judgment, the Chandigarh ITAT has held that declaring surrendered income in PL Account as “Indirect Income” and enhancing closing stock does not indicate any …