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Blog, News, Account & Audit

August 23, 2024

ICAI Approves the Audit Quality Maturity Model Version 2.0

The Audit Quality Maturity Model … Continue reading “ICAI Approves the Audit Quality Maturity Model Version 2.0”

Blog, News, FEMA & Banking

August 23, 2024

Section 64(2) FERA Charge Applies to Any Contravention in India, Covering Both Indian and Foreign Nationals | SAFEMA

Case Details: Alliance Leicestar Plc … Continue reading “Section 64(2) FERA Charge Applies to Any Contravention in India, Covering Both Indian and Foreign Nationals | SAFEMA”

News, Blog, Income Tax

August 23, 2024

Sec. 54G Relief Available Even if New Undertaking Was Set Up in Name of Firm in Which Assessee Was Partner | ITAT

Case Details: Hasmukhbhai Makanbhai Padariya … Continue reading “Sec. 54G Relief Available Even if New Undertaking Was Set Up in Name of Firm in Which Assessee Was Partner | ITAT”

Blog, News, Income Tax

August 23, 2024

CBDT Standardizes the Process of Filing Application u/s 10(46A)

F.No.196/82/2024-ITA-I, dated 20-08-2024 Section 10(46A) … Continue reading “CBDT Standardizes the Process of Filing Application u/s 10(46A)”

Blog, News, GST & Customs

August 23, 2024

HC Set Aside Order Since E-Way Bill Was Produced Before Passing of Seizure Order

Case Details: Bans Steel v. … Continue reading “HC Set Aside Order Since E-Way Bill Was Produced Before Passing of Seizure Order”

Blog, News, GST & Customs

August 23, 2024

HC Allowed Assessee to Respond to Allegations Set Out in Such Memo Which Was Quoted in SCN Proposing Cancellation

Case Details: Steelmart India v. … Continue reading “HC Allowed Assessee to Respond to Allegations Set Out in Such Memo Which Was Quoted in SCN Proposing Cancellation”

Blog, News, GST & Customs

August 22, 2024

HC Set Aside Proceedings Initiated u/s 130 Where Stock of Goods of Assessee Was Found in Excess During Survey

Case Details: Dinesh Kumar Pradeep … Continue reading “HC Set Aside Proceedings Initiated u/s 130 Where Stock of Goods of Assessee Was Found in Excess During Survey”

Blog, News, Account & Audit

August 22, 2024

Ensuring Compliance with SQC 1: Key Observations and Recommendations by the AASB

Standard on Quality Control 1 … Continue reading “Ensuring Compliance with SQC 1: Key Observations and Recommendations by the AASB”

News, Blog, Income Tax

August 22, 2024

All Indian Citizens Aren’t Required to Obtain Income-Tax Clearance Certificate Before Leaving Country | CBDT

Press Release, dated 20-08-2024 Section … Continue reading “All Indian Citizens Aren’t Required to Obtain Income-Tax Clearance Certificate Before Leaving Country | CBDT”

Blog, News, Income Tax

August 22, 2024

ITAT Upheld Penalty Levied on Employee Who Habitually Claimed Refunds by Overstating Deduction Under Chapter VI-A

Case Details: Sanjeev Kumar Manchand … Continue reading “ITAT Upheld Penalty Levied on Employee Who Habitually Claimed Refunds by Overstating Deduction Under Chapter VI-A”