Judgement

Once AO passed first OGE granting refund and lifting attachments, second order held non-est and without jurisdiction

ITAT Quashes Second Order Giving Effect; Holds Two Assessments Cannot Co-Exist

Holding directorship while auditing group entities held to violate independence norms: ICAI

ICAI Disciplinary Committee Reprimands CA for Compromised Independence in Group CompaniesICAI Disciplinary Committee Reprimands CA for Compromised Independence in Group Companies

ICAI Disciplinary Committee Reprimands CA for Compromised Independence in Group Companies

Auditor held guilty for failing to verify Rs. 29.67 lakh shown as recoverable from third party without sufficient evidence

ICAI Disciplinary Committee Reprimands CA Over Faulty Audit of Volvo Car Transaction

The AO was directed to examine the details of the nature and source of cash deposits in the assessee's bank account and then pass an assessment order.

ITAT Restores Assessment After AO Goes Beyond Scope of Limited Scrutiny in Cash Deposit Case

The ITAT held that the compensatory payments made out of contractual obligations are not a penalty, and the same can be allowed as a business expenditure.

ITAT: Payment for Goods Shortage in Transit Is Compensatory, Not a Penalty

Additional evidence admitted without remand report; interest disallowance deleted citing commercial expediency

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ITAT Quashes Second Order Giving Effect; Holds Two Assessments Cannot Co-Exist

ICAI Disciplinary Committee Reprimands CA for Compromised Independence in Group Companies

ICAI Disciplinary Committee Reprimands CA Over Faulty Audit of Volvo Car Transaction

ITAT Restores Assessment After AO Goes Beyond Scope of Limited Scrutiny in Cash Deposit Case

ITAT: Payment for Goods Shortage in Transit Is Compensatory, Not a Penalty

ITAT Remands Rs. 3.80 Cr Addition for Fresh Verification; Upholds Deletion of Rs. 86.99 Lakh Interest Disallowance