Judgement

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.

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

ICAI Board of Discipline holds Chartered Accountant guilty of professional misconduct for violating ethical norms

ICAI Fines CA for Accepting Audit Without Prior Communication With Outgoing Auditor

The ITAT held that GST cannot be treated as "charges" related to the carriage of goods under Section 44B and the same cannot be included in the gross receipts while calculating presumptive income under section 44B of the Act.

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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

ICAI Fines CA for Accepting Audit Without Prior Communication With Outgoing Auditor

GST Not Includible in Presumptive Income Under Section 44B for Shipping Company: ITAT Mumbai