Maintenance, archival and submission of Audit File to National Financial Reporting Authority (NFRA) – Points of compliance by the audit firms  The Standards on Auditing (SAs) including the Standard on Quality Control (SQC-1) define and provide guidance as to what constitutes an audit file and its evidentiary value …

Rejecting condonation of delay and dismissing appeal without verifying medical certificates – ITAT sets aside order of CIT(A) In a recent judgment, ITAT Lucknow set aside the order of the CIT(A) as he rejected the assessee’s request for condonation of delay without conducting any independent inquiry regarding the …

Common Area Maintenance (CAM) Charges cannot, by any stretch, be construed as payment of rent liable to TDS under section 194-I – Supreme Court dismissed SLP.  In a recent judgment, Hon’ble Supreme Court has dismissed SLP of the Income Tax Department against the judgment of the High Court …

SC upheld that merely producing audit objection in order u/s 148A(d) ignoring reply of assessee is non application of mind In a recent judgment, the Hon’ble Supreme Court upheld the judgment of Gujarat High Court in holding that merely producing of audit objection in the order under Section …

In an insurance claim if it is established that damage was caused by fire, then reasons by which the fire took place becomes irrelevant. In a recent judgment, Hon’ble Supreme Court has held that in an insurance claim if damage is caused by fire, then the reason by …

CBDT assigns jurisdiction of CIT(Appeals) in pursuance of assessments completed in pursuance to search u/s 132, requisition u/s 132A or survey u/s 133A or against penalty orders Ministry of FinanceDepartment of RevenueCentral Board of Direct Taxes Notification No. 170/2025 New Delhi, the 15th December, 2025 INCOME-TAX S.O. 5799(E).—In …