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Reminder for Practising CAs to complete 40 CPE hours in 2026, including 20 structured hours, to maintain COP and stay ICAI-compliant.

Don’t Miss Out! Reminder for All Practising CAs to Maintain Their Minimum Structured CPE Hours

Don’t Miss Out! Reminder for All Practicing CAs to Maintain Their Minimum Structured CPE Hours

Judgement

BMA charges are applicable on a foreign asset in the year it “comes to the notice of the AO".

Black Money Act applies in year in which such asset comes to notice of AO: ITAT

Tribunal Allows Relief on Commission and Interest Issues; Confirms Gratuity Disallowance Due to Non-Compliance with Section 36(1)(v).

ITAT Deletes Commission & Interest Disallowances; Upholds Gratuity Addition

Tribunal holds that ample interest-free funds negate allegation of diversion; non-cash diminution entry cannot erode partners’ capital for Section 36(1)(iii) purposes.

ITAT Deletes Rs. 2.88 Crore Interest Disallowance: Partners’ Withdrawals Cannot Be Treated as Diversion of Borrowed Funds

ITAT Delhi deleted the credit card expense addition and sent the salary mismatch issue back to the tax authorities for fresh verification.

ITAT Delhi Remands Salary Addition for Fresh Check, Deletes Credit Card Expense Addition

High Court quashes rejection under Section 119(2)(b), holding that a minor, bona fide delay in e-verification should not deny a co-operative society’s 80P deduction.

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Don’t Miss Out! Reminder for All Practicing CAs to Maintain Their Minimum Structured CPE Hours

Black Money Act applies in year in which such asset comes to notice of AO: ITAT

ITAT Deletes Commission & Interest Disallowances; Upholds Gratuity Addition

ITAT Deletes Rs. 2.88 Crore Interest Disallowance: Partners’ Withdrawals Cannot Be Treated as Diversion of Borrowed Funds

ITAT Delhi Remands Salary Addition for Fresh Check, Deletes Credit Card Expense Addition

High Court Condones Four-Day Delay in E-Verification; Restores Co-operative Society’s Section 80P Claim