Hiring of Chartered Accountant (CA) for Accounting & Tax related Services for JKPCL For FY 2024-25 JKPCL has invited e-bids from eligible Chartered Accountant (CA) firms for providing Accounting & Tax related services for JKPCL for FY 2024-25. Jammu Kashmir Power Corporation Limited (JKPCL), a Public Sector Undertaking …

Vague references to “incriminating material” without disclosing basis or specification of the evidence rendered the jurisdiction transfer order u/s 127(2) unsustainable – High Court In a recent judgment, Calcutta High Court has held that vague references to “incriminating material” without disclosing basis or specification of the evidence rendered …

Contingent liabilities not debited to profit and loss account cannot be added merely on the basis of disclosure in the tax audit report – ITAT  In a recent judgment, ITAT Ahmedabad deleted adjustment made by CPC u/s 143(1)(a) holding that contingent liabilities which are not debited to the …

Direction of Magistrate to surrender passport in compliance of bail condition in a GST evasion case was not violative of fundamental rights or directions of Apex Court In a recent judgment, District & Sessions Court Delhi has held direction of the Magistrate to surrender passport in compliance of …

Penalty u/s 271B can not be levied in a case where tax audit report was furnished before completion of the assessment In a recent judgment, ITAT Cochin has held that penalty u/s 271B can not be levied for non furnishing of tax audit report within due date as …

ICAI sets up two new branch offices in Southern India Regional Council (SIRC) ICAI has issued notification setting up of two new branch offices in Southern India Regional Council w.e.f. 27.05.2025 as under: 1. Khammam Branch The Khammam Branch shall be known as Khammam Branch of Southern India …