Reopening based on audit objection invalid when AO had all the information at the time of assessment In a recent judgment, High Court held that reopening of assessment based on audit objection would be invalid being a change of opinion where the Assessing Officer had all the information …

Under IBC, Adjudicating Authority not required to go into the inability of a corporate debtor to pay its debt – Supreme Court In a recent judgment, Hon’ble Supreme Court has held that under IBC, NCLT is not required to go into the inability of a corporate debtor to …

ICAI specifies categories to which ceiling of 60 audits applicable for UDIN generation Field-Level Validation for all sub-categories under section 44AB at the time of UDIN generation under ‘GST and Tax Audit’ category The ICAI has decided to implement a ceiling on the maximum number of UDINs that …

ICAI (Global Networking) Guidelines 2025 ICAI has issued ICAI (Global Networking) Guidelines 2025 to promote Networking amongst one or more Chartered Accountant firm (s), Networks and other entities registered with ICAI with networks or entities established and registered outside India in their respective jurisdiction; and shall also apply …

Personal appearance of a director is not a statutory substitute for documented traceability in a corporate assessment – High Court In a recent judgment, High Court has held that personal appearance of a director is not a statutory substitute for documented traceability in a corporate assessment, especially when …

Jharkhand Gramin Bank invites applications for the post of concurrent auditors Jharkhand Gramin Bank is inviting applications from Retired officers of Bank for the post of concurrent auditors on contract basis, details of which are as under: (1) Name of the Post: Concurrent Auditor (2) Nature of Post – …