Judgement

ICAI has reprimanded an auditor for failing to report the mandatory Cash Flow Statement in the FY 2017-18 audit of Pioneer Financial.

Professional Misconduct: ICAI Reprimands Auditor for Not Reporting Mandatory Cash Flow Statement

Tribunal upholds CIT(A) relief as AO failed to conduct any independent enquiry and relied solely on generic third-party statements

Interest on Past Unsecured Loans Cannot Be Disallowed unless original loans are first proved bogus: ITAT

ITAT holds that deposits of Rs. 1.29 crore by fruit vendor represent business turnover, not unexplained cash credits, Income estimated at 8% and Section 68 addition deleted.

ITAT Applies 8% Profit Rate and Treats Cash Deposits as Business Turnover for Fruit Dealer

The Supreme Court clarified that a defective or misdated affidavit does not render the Section 7 application non est; it is a curable defect.

SC Faults NCLT for Dismissing IBC Plea Without Proper Notice; Affidavit Error Held Curable

Articles

A complete guide on ITR filing deadlines, late filing options, penalties, and how to protect your financial benefits for FY 2024-25.

ITR Filing Deadlines, Penalties, and Late Filing Rules for FY 2024-25

ITAT holds that reassessments under Sections 144/147 are invalid without issuance of mandatory Section 143(2) notice once a return exists

Explore Our Blogs

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

Professional Misconduct: ICAI Reprimands Auditor for Not Reporting Mandatory Cash Flow Statement

Interest on Past Unsecured Loans Cannot Be Disallowed unless original loans are first proved bogus: ITAT

ITAT Applies 8% Profit Rate and Treats Cash Deposits as Business Turnover for Fruit Dealer

SC Faults NCLT for Dismissing IBC Plea Without Proper Notice; Affidavit Error Held Curable

ITR Filing Deadlines, Penalties, and Late Filing Rules for FY 2024-25

ITAT Quashes Reassessments for Non-Issuance of Mandatory Notice u/s 143(2)