ICAI disciplinary panel finds CA Herry Sikri guilty of professional misconduct in INC-20A, INC-22, and SPICE Form certifications; ₹75,000 fine ...

A Chartered Accountant was reprimanded by the ICAI Disciplinary Committee for professional misconduct related to the certification of a company's registered office ...

A Disciplinary Committee exonerated CA B.L.N. Phani Kumar, finding him not guilty of professional misconduct related to his auditing duties for seven companies. The case, brought by the RBI, alleged ...

The Gauhati High Court granted bail in a GST fake invoice case, citing non-compliance with legal procedures, including failure to communicate "reasons to believe" for the ...

The ICAI Disciplinary Committee has fined CA Ankit A. Chokshi Rs. 25,000 after finding him guilty of professional misconduct for failing to report a deposit in a trust's audit ...

Allahabad High Court held that issuing a GST penalty show cause notice in Form DRC-01 instead of DRC-01A is a technical error and not fatal when the assessee disputes the entire liability and no final ...

The Calcutta High Court ruled that a show-cause notice cannot be quashed due to a lack of pre-SCN consultation, but the department must provide a ...

The ITAT Bangalore ruled that a CIT(A) cannot make additions on grounds not specified in the original reopening notice, setting aside additions on share trading ...

The ITAT Bangalore ruled that income from sun-dried raisins is agricultural income, exempt from tax, if a farmer uses traditional methods without ...

Section 71(6) of the Companies Act, 2013, read with Rule 18(3)(e) of the Companies (Share Capital and Debentures) Rules, 2014, mandates that the Debenture Trustee shall appoint a nominee director in ...

In Rajeshkumar Shah vs DCIT, ITAT strikes down cash loan & notional interest additions under Section 69 due to lack of corroborating evidence and unreliable witness ...

Section 269SS of the Income Tax Act prohibits accepting cash loans or deposits of Rs.20,000 or more. Non-compliance can lead ...