Articles

Judgement

ITAT deleted a Rs. 24.21 lakh addition under Section 69A, saying the cash deposits came from earlier bank withdrawals.

Cash Deposits During Demonetization Sourced From Prior Bank Withdrawals: ITAT Deletes Penalty

Notifications

The Ministry of Corporate Affairs released a notification on April 17, 2025, establishing a Tribunal to resolve disputes related to the election of the ICAI which was conducted in December 2024.

MCA Notifies Tribunal to Decide Disputes in Matter of 26th Council Elections of ICAI

The Metal Scrap Trade Corporation (MSTC) Limited has received a tax demand asking for Rs. 178.40 crore for the assessment year 2024-25.

MSTC Ltd Receives Tax Demand of Rs. 178 crore for AY 2024-25

The Indian Ice Cream Manufacturers' Association (IICMA) has asked the government to reduce the tax on ice cream from 18% to 5%.

Ice Cream Makers Request GST Relief, Ask to give then same treatment as dairy products

ICAI introduces IndAS 118 to streamline financial reporting by classifying income and expenses and enhancing transparency through globally aligned standards.

Businesses might be asked to follow new Financial Statements Format from 2027

News

Harekrishna Pandey, an income tax officer, has taken his life after his fiancée's love affair was exposed.

Nashik: Tax Officer Ends Life on Wedding Day After Fiancée’s Affair Exposed

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