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Abcaus

chartered accountant misconduct

ICAI bans Twelve Chartered Accountants being guilty of professional misconduct

administrator April 19, 2024 ICAI
ICAI has banned Twelve Chartered Accountants being found of guilty of professional misconduct The Board of Discipline of ICAI has found seven CAs as guilty of professional misconduct under the provisions of Chartered Accountants Act, 1949 read with Chartered Accountants Regulations, 1988 . As per notification issued in …
Cash deposited demonetisation Arunachal

Cash deposit in demonetisation held exempt assessee being resident of Arunachal Pradesh

administrator April 18, 2024 Income Tax, ITAT
Cash deposited in bank account during demonetisation period can not be taxed on technical ground when it was fully exempt u/s 10(26), assessee being resident of Arunachal Pradesh In a recent judgment, ITAT has quashed the addition made on technical ground for cash deposited in bank during the …
presumption loss restaurant business

ITAT deleted addition made on presumption – there cannot be loss in restaurant business

administrator April 18, 2024 Income Tax, ITAT
ITAT deleted addition made on the presumption that there cannot be loss in restaurant business. In a recent judgment, ITAT deleted addition made on the presumption that there cannot be loss in restaurant business ABCAUS Case Law Citation:ABCAUS 3963 (2024) (04) ITAT In the instant case, the assessee …
Rent plot other sources

Rent of plot taxed as income from other sources in absence of proof of structure on it

administrator April 18, 2024 Income Tax, ITAT
ITAT upheld taxing rent of plot of land as income from other sources in the absence of proof of any structure thereon In a recent judgment, ITAT upheld taxing of rent of plot of land as income from other sources as assessee could not prove that there existed …
court

​Application invited for special Public Prosecutors in Income Tax Department NER Region

administrator April 18, 2024 Empanelment, Income Tax
Application invited for special public prosecutors to represent the Income Tax Department in North-Eastern Region​. The Income Tax Department, North Eastern Region has invited applications from eligible advocates for empanelment as Special Public Prosecutors to represent the Income Tax Department before the Courts of Session and its subordinate …
Dakshin Bihar Gramin Bank

Dakshin Bihar Gramin Bank invites application for concurrent Audit for FY 2024-25

administrator April 17, 2024 Empanelment
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 …

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