Judgement

Tribunal held that long-outstanding unsecured loans cannot be treated as taxable income in absence of any evidence of waiver or write-off.

Waiver of Loan Cannot be Considered to be a 'Benefit' Without Specific Acknowledgment from Lenders: ITAT

Orders

ROC imposed penalties on the company and its directors for failure to file e-Form MGT-14 in violation of Section 117 of the Companies Act, 2013.

Company and Directors Penalised Rs. 4.50 Lakh for Non-Filing of Statutory e-Form MGT-14 

ICAI Held CA Guilty for acceptance of a tax audit assignment without obtaining written communication or a No Objection Certificate (NOC) from the previous auditor; Fines Rs. 25,000 for Violating Audit Acceptance Rules

ICAI Penalises CA for Accepting Tax Audit Without Obtaining NOC from Previous Auditor

News

Delhi GST inspector Mohit Agrawal is absconding for allegedly helping a Rs 100 crore Ghaziabad fake invoice tax fraud.

STF Hunts GST Inspector Linked to Massive Ghaziabad Tax Fraud

The Uttarakhand AAR clarified that the Medicated Toilet Soap is taxable at 18% GST (9% CGST and 9% SGST) and falls under the tariff item 34011110.

Medicated Toilet Soap Attracts 18% GST: AAR

Announcement

ICAI has invited feedback from candidates who appeared in the CA January 2026 examinations regarding the question papers, to be submitted by January 27, 2026.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

Waiver of Loan Cannot be Considered to be a 'Benefit' Without Specific Acknowledgment from Lenders: ITAT

Company and Directors Penalised Rs. 4.50 Lakh for Non-Filing of Statutory e-Form MGT-14

ICAI Penalises CA for Accepting Tax Audit Without Obtaining NOC from Previous Auditor

STF Hunts GST Inspector Linked to Massive Ghaziabad Tax Fraud

Medicated Toilet Soap Attracts 18% GST: AAR

ICAI Invites Candidates' Observations on Jan 2026 CA Final, Intermediate and Foundation Exam Question Papers