Dakshin Bihar Gramin Bank invites application for concurrent Audit / Revenue Audit for FY 2024-25. Dakshin Bihar Gramin Bank has invited applications from Chartered Accountants / Cost Accountants for concurrent Audit for FY 2024-25. Dakshin Bihar Gramin Bank is a leading Regional Rural Bank of Bihar owned by …

Notice u/s 148 quashed as time period to issue notice u/s 143(2) for conducting assessment u/s 143(3) had not expired. In a recent judgment, Hon’ble Bangalore ITAT has quashed notice u/s 148 as the time period to issue notice u/s 143(2) for conducting assessment u/s 143(3) had not …

How to opt out from New Tax Regime and choose old tax regime for AY 2024-25. Step by step procedure for option to be exercised u/s 115BAC With effect from Assessment Year 2024-25 (FY 2023-24), the new tax regime under section 115BAC has been made as the default …

An invalid or illegal assessment order cannot be revised under the provision of section 263 In a recent judgment, Hon’ble ITAT has held that an assessment order which is not valid/maintainable under the provisions of the Act, cannot be revised by the CIT/PCIT under the provision of section …

CIT can not assume revisionary powers u/s 263 for issues not forming part of limited scrutiny assessment. In a recent judgment, the ITAT has held that CIT can not assume revisionary powers u/s 263 for issues not forming part of limited scrutiny assessment. ABCAUS Case Law Citation:ABCAUS 3959 …

NFRA imposes penalty of Rs. 4.50 crores on CA/Audit Firm for professional misconduct for not exercising due diligence In a recent order, the NFRA has imposed penalty of Rs. 4.50crores on CA/Audit Firm for professional misconduct for not exercising due diligence and not adhering to the requirements as …