Notifications

MCA has notified the Companies (Indian Accounting Standards) Amendment Rules, 2026, introducing key amendments to Ind AS 101, 107, 109, 110 and 7, effective from August 12.

MCA Notifies Key Amendments to Companies (Indian Accounting Standards) Rules in Consultation With NFRA

Judgement

High Court sets aside Section 148A(d) order for non-application of mind as AO ignored invoices, confirmations and bank statements proving genuine purchases.

Gujarat High Court Sets Aside Section 148A(d) Order Passed Without Considering Assessee’s Evidence

News

NFRA’s Series 4 guides auditors and audit committees on strengthening communication and oversight in auditing impairment of non-financial assets under Ind AS 36 and SA 540.

NFRA Releases Series 4: Strengthening Auditor-Audit Committee Dialogue on Asset Impairment

The Ministry of Corporate Affairs (MCA) revises Indian Accounting Standards through Second Amendment Rules, 2015 under Companies Act 2013.

Ind AS Rules 2025: Major Changes in Classification of Liabilities, Supplier Finance Disclosures & Pillar Two Taxes

The High Court set aside GST Order passed Without Application of Mind as there was a violation of natural justice

GST Order Holding Petitioner Guilty Passed Without Application of Mind Quashed by HC

The MCA, in consultation with the NFRA, has notified significant amendments to the Companies (Indian Accounting Standards) Rules, 2015, specifically targeting Ind AS 21 – The Effects of Changes in Foreign Exchange Rates.

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MCA Notifies Key Amendments to Companies (Indian Accounting Standards) Rules in Consultation With NFRA

Gujarat High Court Sets Aside Section 148A(d) Order Passed Without Considering Assessee’s Evidence

NFRA Releases Series 4: Strengthening Auditor-Audit Committee Dialogue on Asset Impairment

Ind AS Rules 2025: Major Changes in Classification of Liabilities, Supplier Finance Disclosures & Pillar Two Taxes

GST Order Holding Petitioner Guilty Passed Without Application of Mind Quashed by HC

MCA Notifies Changes in Ind AS 21: Effects of Changes in Foreign Exchange Rates