Amount of taxes on sales comprising in turnover to be excluded while computing gross receipts for estimating net profit – ITAT In a recent judgment, ITAT Hyderabad directed AO to exclude the amount of taxes collected on sales comprised in turnover, while computing gross receipts for the purpose …

Addition u/s 69A confirmed as alleged capital contribution by partners was deposited in bank account of assessee not in account of partnership firm In a recent judgment, Andhra Pradesh High Court confirmed addition under section 69A of Income Tax Act as the alleged capital contribution by the partners …

Allahabad High Court grants bail to Chartered Accountant accused in a GST evasion to the tune of more than 40 crores In a recent judgment, Hon’ble Allahabad High Court has granted bail to a Chartered Accountant accused in a GST evasion to the tune of more than 40 …

Every provision invoked casts a different sort of onus on the assessee – ITAT deleted addition u/s 69 towards bogus purchases – ITAT In a recent judgment, ITAT Delhi has held that every provision invoked casts a different sort of onus on the assessee and assertion that merely …

Liability under the Motor Vehicles Act can’t be decided on the grounds of sympathy alone but must be established by credible evidence – SC In a recent judgment, Hon’ble Supreme Court has stated that the principles of law cannot be set aside on the grounds of sympathy alone. …

ICAI notifies Dates of CA Foundation, Intermediate and Final Exams May 2026 The Institute of Chartered Accountants of India has announced the dates of next Chartered Accountants Foundation, Intermediate and Final Examinations to be held in May 2026 Dates of CA Exams May 2026 Schedule FOUNDATION COURSE EXAMINATION  …