Judgement

ICAI holds CA guilty of “Other Misconduct” for role in bogus PAN-based refund fraud causing heavy loss to Revenue

ICAI Board of Discipline Removes CA for Three Months Over Income Tax Refund Fraud

News

ED raids multiple states uncover Rs 658 crore fake GST invoice scam involving 58 shell companies and bogus ITC claims.

ED Raids Multiple States in Rs 658 Crore Fake GST Invoice Scam

The Tribunal ruled that reopening just because of a change of opinion is bad under the law and quashed the relevant reassessment order.

ITAT Quashes Reassessment Beyond Four Years; Deletes Rs 14.03 Crore Sub-Contract Expense Disallowance 

ITAT holds that failure to supply recorded reopening reasons, despite a specific request, makes the reassessment invalid in law, and deleted Rs. 73 lakh additions.

ITAT Quashes Reassessment Proceedings for Non-Furnishing of Reopening Reasons; Rs. 73 Lakh Additions Deleted

ICAI Board of Discipline finds CA guilty of “Other Misconduct” for facilitating fake political donations and commission-based tax evasion

ICAI Reprimands CA for Role in Bogus Political Donation Scam Facilitating Tax Evasion

Orders

ICAI removed a CA from its register for three months after finding him guilty of professional misconduct and violation of auditor independence in a Mumbai redevelopment fraud case.

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ICAI Board of Discipline Removes CA for Three Months Over Income Tax Refund Fraud

ED Raids Multiple States in Rs 658 Crore Fake GST Invoice Scam

ITAT Quashes Reassessment Beyond Four Years; Deletes Rs 14.03 Crore Sub-Contract Expense Disallowance

ITAT Quashes Reassessment Proceedings for Non-Furnishing of Reopening Reasons; Rs. 73 Lakh Additions Deleted

ICAI Reprimands CA for Role in Bogus Political Donation Scam Facilitating Tax Evasion

ICAI Board of Discipline Crackdowns Chartered Accountant Involved 8.27 Crore Redevelopment Fraud Case