It is not open for CIT(A) to introduce a new source of income. ITAT deleted addition made section 69A changing the section 68. and the assessment has to be confined to those items of income which were the subject of matter of original assessment In a recent judgment, …
Income returned under other sources can not be recharacterised as income u/s 69A and subjected to higher tax u/s 15BBE – ITAT In a recent judgment, ITAT has held that Income returned by the assessee under the head income other sources can not be recharacterised as income u/s …
Union Bank of India Empanelment of Concurrent Auditors FY 2024-25 for Partnership CA Firms. Union Bank of India invites applications from eligible/interested Chartered Accountant Firms for empanelment as Concurrent Auditors for conducting Concurrent Audit in the identified Branches / Offices for the period up to 31.03.2025 Last date …
ICAI issues revised SA 800 (Revised), SA 805 (Revised), SA 810 (Revised) Standards on Auditing prescribe the detailed auditing framework for conducting audits of financial statements of various entities. These Standards contain various audit requirements and related application guidance to explain these requirements. Auditors need to comply with …
India & Samoa enters into Tax Information Exchange Agreement (TIEA) Notification of Agreement between the Government of the Republic of India and Government of Samoa for the exchange of information with respect to taxes (AEI/ACT) (Tax Information Exchange Agreement TIEA). The Finance Ministry has notified Tax Information Exchange …
New allegation added in order passed u/s 148A(d) not present in show cause notice u/s 148A. High Court declines interference. In a recent judgment, Allahabad High Court has declined to entertain a Petition challenging addition of a new allegation in order passed u/s 148A(d) in reassessment proceedings. ABCAUS …