Judgement

ICAI penalised a CA for professional misconduct after he accepted an audit assignment without informing the existing auditor and despite pending audit fees.

ICAI Holds CA Guilty Under Clause (8) for Accepting Audit Without Informing Previous Auditor; Penalty Imposed

ITAT deleted the Rs. 6.15 lakh addition, holding that the AO relied only on general penny-stock reports without specific evidence.

ITAT Deletes Penny Stock Addition Due to Lack of Specific Evidence Against Assessee

Since the relevant notice denied the personal hearing to the petitioner company, the court held that the order violated the mandatory procedure.

Allahabad HC Quashes GST Order After Personal Hearing Column in Notice Mentions "NA"

The Allahabad High Court quashed GST orders and an attachment order issued after cancellation of registration, holding that failure to properly serve notice violated principles of natural justice.

No Obligation to Check GST Portal After Cancellation; Allahabad High Court Quashes GST Orders

The ICAI Disciplinary Committee concluded that the respondent had certified Form DIR 12 without exercising due diligence.

ICAI Reprimands CA for Appointing New Directors Without Obtaining Consent from Existing Directors

ICAI has reprimanded CA for professional misconduct in the audit of the company after discrepancies in customer advances and turnover were flagged by the RBI.

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ICAI Holds CA Guilty Under Clause (8) for Accepting Audit Without Informing Previous Auditor; Penalty Imposed

ITAT Deletes Penny Stock Addition Due to Lack of Specific Evidence Against Assessee

Allahabad HC Quashes GST Order After Personal Hearing Column in Notice Mentions "NA"

No Obligation to Check GST Portal After Cancellation; Allahabad High Court Quashes GST Orders

ICAI Reprimands CA for Appointing New Directors Without Obtaining Consent from Existing Directors

ICAI Reprimands CA for Audit Lapses in ‘Customer Advances’ Case; Held Guilty for Professional Misconduct