The Disciplinary Committee of ICAI has banned two chartered accountants of Delhi on charges of professional misconduct. In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rules 18(17) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and …

Merely because section 21 arbitration notice was not issued to certain persons who are parties to the arbitration agreement does not denude arbitral tribunal to implead them as parties to the arbitral proceedings In a recent judgment, the Hon’ble Supreme Court has held that section 21 notice invoking …

For conviction under ESI Act, designation of a person can be immaterial if such person otherwise is an agent of the Owner/Occupier or supervises and controls the establishment in question. In a recent judgment, the Hon’ble Supreme Court has upheld the conviction and fine of the General Manager …

Assessee not cooperating and not providing information in response to notice gave a reasonable belief that sole intention was to evade the tax.  In a recent judgment the Hon’ble Patna High Court has held that if the assessee is not cooperating and participating and the materials indicated that …

Any transaction of Rs. 2,00,000/- and above in cash to be reported to Income Tax Department – Supreme Court In a recent judgment, the Hon’ble Supreme Court have directed that whenever Rs. 2,00,000/- and above is paid by cash towards any transaction i.e. immovable property or otherwise, the …

The Protection of Interests in Aircraft Objects Act, 2025 gets assent of the President and has been notified. The Protection of Interests in Aircraft Objects Act, 2025, passed by the Indian Parliament, aligns India’s aviation laws with the Cape Town Convention (2001) and its Aircraft Protocol, to which …