News

FM has approved the launch of an appellate tribunal for GST disputes in Indore.

FM Nirmala Sitharaman approves GST appellate tribunal in Indore

The Reserve Bank of India (RBI) has imposed a Monetary Penalty of Rs. 13 Lakh on 5 Cooperative Banks for non-compliance with the RBI directions.

RBI Levies Monetary penalty on 5 Banks [Know Details]

The National Financial Reporting Authority issued inspection reports on BIG 4 Chartered Accountants Company revealing certain audit failures by each of the four audit firms.

NFRA finds lapses in audit quality of Big 4 [Read Inspection Report]

The Income Tax Department has launched the Demand Facilitation Centre (DFC) to facilitate the resolution of outstanding tax demand(s).

Income Tax Helpline for resolving issue of Tax Refund being adjusted with old incorrect demands

Judgement

The Madhya Pradesh High Court has held that the ‘Opportunity of hearing’ includes the opportunity of ‘personal hearing’.

‘Opportunity of hearing’ includes the opportunity of ‘personal hearing’ [Read Order]

The Kerala High Court has held that No Immunity u/s 270AA in case of a specific finding on underreporting income by misrepresenting facts.

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FM Nirmala Sitharaman approves GST appellate tribunal in Indore

RBI Levies Monetary penalty on 5 Banks [Know Details]

NFRA finds lapses in audit quality of Big 4 [Read Inspection Report]

Income Tax Helpline for resolving issue of Tax Refund being adjusted with old incorrect demands

‘Opportunity of hearing’ includes the opportunity of ‘personal hearing’ [Read Order]

No Immunity u/s 270AA in case of specific finding on underreporting income by misrepresenting facts [Read Order]