Audit without written noc from previous auditor-reprimand converted in to caution by High Court as CA was fresher in practice and omission was procedural

Audit without written NOC from previous auditor-reprimand converted in to caution by High Court as the chartered accountant (CA) was only fresher into practice, the omission was procedural and trivial and no moral turpitude involved. ABCAUS Case Law Citation: 997 2016 (08) HC Date/Month of Judgment: August, 2016 Brief Facts …

Husband Wife treated single unit for capital gains deduction u/s 54 54F. Compensation paid to husband to vacate house owned by wife not allowable – ITAT

Husband Wife treated single unit for capital gains deduction u/s 54 54F. Compensation paid to husband to vacate house owned by wife not allowable – ITAT ABCAUS Case Law Citation: 996 (2016) (08) ITAT Assessment Year: 2011-12 Date/Month of Judgment/Order: August 2016 Brief Facts of the Case: The  assessee …

CA not guilty of misconduct when acting in individual capacity and the dealings were purely commercial not discharging any function as Chartered Accountant

CA not guilty of misconduct when acting in individual capacity and the dealings were purely commercial not discharging any function as Chartered Accountant – High Court ABCAUS Case Law Citation: ABCAUS 994 2016 (08) HC Brief Facts of the Case: The complainant ahd purchased 100 shares of Aban Lyod …

Consultant-Visiting Doctors TDS. Salary u/s 192 or professional fee u/s 194J? Contract for service or a contract of service? – ITAT

Consultant-Visiting Doctors TDS. Salary u/s 192 or professional fee u/s 194J. Remuneration of consultant doctors was salary liable to TDS u/s 192 while that of visiting doctors as professinal fee liable to TDS u/s 194J – ITAT   ABCAUS Case Law Citation: 993 2016 (08) ITAT Assessment years: 2011-12, 2012-13 …
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