Judgement

The ITAT Kolkata in the matter of Saraswati Gupta vs. Income Tax Officer has levied penalty u/s 271A for not maintaining books and u/s 271B for not getting Tax Audit.

ITAT confirms both penalty u/s 271A for not maintaining books and u/s 271B for not getting Tax Audit

Orders

The Disciplinary Committee of ICAI in the matter of CA. Madhav Balwant Pol has penalised Chartered Accountant for Non-Disclosure of AS-18 and Interest payable to MSME in FS.

CA penalised for Non-Disclosure of AS-18 and Interest payable to MSME in FS

News

The Reserve Bank of India(RBI) has imposed Monetary Penalty of Rs.4,20,000 on 3 Cooperative Banks and Sahakari Bank for non-compliance with directions issued by RBI.

RBI imposed Monetary penalty on 3 Cooperative Banks and Sahakari Bank; Know Reason

Public Notice

The Directorate General of Foreign Trade(DGFT) has amended conditions of the Standard Input Output Norms (SION) at E-136 for export of Wheat Flour via issuing Public Notice.

DGFT Amends conditions of Standard Input Output Norms E-136 for export of Wheat Flour

Circulars

The CBIC has notified Authorization of Booking Post Offices and their corresponding Foreign Post Offices in Postal Export (Electronic Declaration and Processing) Regulations, 2022.

CBIC Notifies Authorization of Booking Post Offices and corresponding Foreign Post Offices in Postal Export Regulation

CBI began an investigation against a private company situated in Ahmedabad and its directors on suspicions of causing a loss of Rs.46.79 crore to Union Bank of India, Ahmedabad Branch.

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ITAT confirms both penalty u/s 271A for not maintaining books and u/s 271B for not getting Tax Audit

CA penalised for Non-Disclosure of AS-18 and Interest payable to MSME in FS

RBI imposed Monetary penalty on 3 Cooperative Banks and Sahakari Bank; Know Reason

DGFT Amends conditions of Standard Input Output Norms E-136 for export of Wheat Flour

CBIC Notifies Authorization of Booking Post Offices and corresponding Foreign Post Offices in Postal Export Regulation

CBI register Case against Private Company and its Director for Bank Fraud