Announcement

ICAI has made it compulsory for certain audit firms that manage audits of listed entities, Insurance companies and Banks other than Co-operative banks to estimate their audit quality maturity model using AQMM.

ICAI Tightens Audit Standards: AQMM 2.0 Mandatory for Larger Firms

Articles

The Ministry of Corporate Affairs releases new important compliance reminder for companies who file their annual return in Form MGT-7 or Form MGT-7A.

New Compliance Alert: MCA Mandates Registered Office Photo with MGT-7/MGT-7A or Face Massive Penalty

Judgement

The court set aside the tax assessment order for AY 2017-18 due to the IT Department's failure to issue a mandatory SCN and draft order, violating the principles of natural justice.

Delhi HC Quashes Faceless Assessment for Failure to Issue SCN with Draft Order to Ericsson India

The court dismissed the petition, and the petitioner was ordered to pay Rs 50,000 as cost to the Delhi High Court Bar Association within 2 weeks.

Delhi High Court Dismisses Writ Petition in Rs 50.33 Crore GST ITC Fraud

Delhi High Court rules CAM charges are service payments, not rent, attracting 2% TDS under Section 194C, dismissing Income Tax Department's appeals.

Common Area Maintenance Charges Attract 2% TDS under Sec 194C, Not Rent: High Court

HC sets aside GST adjudication orders against Divya Sood, remands matter for fresh hearing, pending SC’s verdict on notification under Section 168A of the CGST Act.

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ICAI Tightens Audit Standards: AQMM 2.0 Mandatory for Larger Firms

New Compliance Alert: MCA Mandates Registered Office Photo with MGT-7/MGT-7A or Face Massive Penalty

Delhi HC Quashes Faceless Assessment for Failure to Issue SCN with Draft Order to Ericsson India

Delhi High Court Dismisses Writ Petition in Rs 50.33 Crore GST ITC Fraud

Common Area Maintenance Charges Attract 2% TDS under Sec 194C, Not Rent: High Court

GST: High Court Quashes Orders Passed Without Hearing Amid Petitioner’s Husband’s Demise