Judgement

Tribunal holds PCIT cannot revise a 153C assessment under Section 263 without first annulling the mandatory approval granted under Section 153D

ITAT Quashes PCIT’s Revision in Haldiram Case; Section 263 Can’t Override 153D Approval

Articles

A year after dispute with NFRA, ICAI plans to propose a clearly defined audit responsibility between principal auditors and subsidiaries.

ICAI Moves to Clarify Division of Audit Responsibility

The ITAT directed the AO to check whether the TDS was deducted by the employer from the payment of bonus, and if the same is deducted, the AO should not deny the TDS claim.

Employee Not Responsible if Employer Fails to Deposit TDS with Government: ITAT

High Court remands GST case after holding that assessee was denied effective opportunity to reply to SCN

High Court Sets Aside GST Demand for Breach of Natural Justice; Fresh Hearing Ordered

The tribunal held that the approval given by the PCIT is incorrect and the reopening of the assessment proceeding is also invalid.

PCIT Must Reflect an Independent Application of Mind Before Giving Approval for Reopening Assessment: ITAT

HC holds that statutory dues prior to final NCLT approval stand extinguished; fresh GST action permitted only post 4 September 2019

GST Demands Prior to IBC Resolution Plan Approval Quashed for Patanjali Foods

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