News

A Saharanpur businessman, Bharat Bhushan, was arrested for allegedly evading Rs. 2.76 crore in GST through fake bills and bogus ITC claims.

Businessman Arrested in Saharanpur for Rs. 2.76 Crore GST Fraud

Circulars

The Employees’ Provident Fund Organisation (EPFO) has issued new guidelines to promote fairness, transparency, and accuracy in its internal audit process.

EPFO Issues New Guidelines to Ensure Fairness and Transparency in Audit Process

Articles

The ICAI Disciplinary Committee (Bench-II) has dismissed a complaint filed by the ROC, Mumbai, ruling that the Chartered Accountant exercised due diligence while certifying company incorporation documents.

ICAI Slams 5-Year-Late ROC Inspection: Clears CA in Alleged False Certification Case

Judgement

Tribunal holds that additions treating certain repair bills as bogus purchases and adhoc percentage disallowances on salary and car expenses cannot be sustained in absence of contrary evidence.

ITAT Allows Appeal; Deletes Additions on Bogus Purchases and Adhoc Expense Disallowances

ITAT holds that omission to file Statement of Facts is only procedural and directs CIT(A) to decide appeals on merits after due opportunity

ITAT Restores Appeals Dismissed for Technical Lapse, Directs Adjudication on Merits

Tax officials uncovered fake billing and circular trading by Haridwar-based electrical goods firms, detecting GST evasion exceeding Rs. 8 crore.

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Businessman Arrested in Saharanpur for Rs. 2.76 Crore GST Fraud

EPFO Issues New Guidelines to Ensure Fairness and Transparency in Audit Process

ICAI Slams 5-Year-Late ROC Inspection: Clears CA in Alleged False Certification Case

ITAT Allows Appeal; Deletes Additions on Bogus Purchases and Adhoc Expense Disallowances

ITAT Restores Appeals Dismissed for Technical Lapse, Directs Adjudication on Merits

GST of Rs. 8 Crore Evaded by Firms Trading in Electrical Goods in Haridwar