Judgement

End-use and trade parlance cannot override explicit HSN Explanatory Notes and General Rules of Interpretation

SC: Mushroom-Growing Aluminium Shelves Are “Structures”, Not Agricultural Machinery Parts

ITAT Mumbai dismissed the taxpayer’s appeal for repeated non-appearance, upholding a Rs. 28.59 lakh addition for unexplained cash deposits.

ITAT Upholds 28.59 Lakh Addition on Taxpayer for Unexplained Cash Deposits; Appeal Dismissed

Know the real life examples of internal control failure and the reason behind their failure.

Internal Control Failures: Real Examples and Lessons for Auditors

News

RBI has notified a revised related party lending framework, effective April 1, 2026, to strengthen governance, improve clarity, and align definitions with the Companies Act and IBC.

RBI Issues Final Amendment Framework on Lending to Related Parties; Effective April 2026

Union Budget 2026 may be shifted from Sunday, February 1, to Monday, February 2, due to weekend and Guru Ravidas Jayanti holiday.

Budget 2026: Union Budget 2026 to be announced on Sunday or 2nd Feburary?

Articles

For Indian CAs dealing with GST returns, TDS compliance, multiple bank reconciliations, and Tally exports, AI tools are becoming game-changers.

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SC: Mushroom-Growing Aluminium Shelves Are “Structures”, Not Agricultural Machinery Parts

ITAT Upholds 28.59 Lakh Addition on Taxpayer for Unexplained Cash Deposits; Appeal Dismissed

Internal Control Failures: Real Examples and Lessons for Auditors

RBI Issues Final Amendment Framework on Lending to Related Parties; Effective April 2026

Budget 2026: Union Budget 2026 to be announced on Sunday or 2nd Feburary?

Impact of AI on Audit and Assurance Services: What CAs Should Prepare For