Judgement

Interest and other non-mutual income require examination under Section 11, not merely on principle of mutuality, rules ITAT.

Section 12A-Registered Body’s Claim Under Section 11 Requires Independent Adjudication, Rules ITAT

Retrospective certification of director appointment without DIN held as failure to exercise due diligence

Failure to comply with SA 560 and AS 4 while issuing revised audit reports results in reprimand, two-month removal, and Rs.1 lakh fine

ICICI Bank plans to challenge the order after the Maharashtra GST Department upheld a Rs. 50.38 crore GST demand along with penalty and interest.

Failure to independently verify authenticity of DIR-2 signatures held as professional misconduct

HC held that assignment of long-term leasehold rights in industrial land amounts to transfer of immovable property and is not liable to GST