Auditors may face ban on non-audit work in large cos

Verification / Certification of documents related to Incorporation of a Company or a LLP by practicing Professionals

CBIC prescribes BCD and AIDC on Raw Cotton for a specified period

“King can do no wrong” – Observation by Bombay HC in the case of Mantra Industries Limited Vs NFAC at Para 9 stayed

Additional Information to be provided while generating UDIN for Audit Report for Statutory Audit of Bank Branches 

Charitable Trust: Don’t forget to file the list of Donor in Form No. 10BD

Receiving foreign donation cannot be an absolute right: SC

Tax Relief to income arising from Retirement Funds & Section 89A

Validity of additions u/s 68 on the basis of suspicion if the assessee discharges initial onus of establishing creditworthiness of donors & genuineness of transactions

No opportunity of cross examination given despite categorically demanding it- ITAT deleted the addition

CBDT amends Income Tax rule 2F, rule 8B and introduces new FORM NO. 5B

Constitution of Dispute Resolution Committee & Application for resulutiaon of dispute before Dispute Resolution Panel

Whether mere endorsement of the Bank “payment stopped” is sufficient to entertain the complaint u/s 138 of NI Act?

Auditors may have to explain why they quit

Failure of the AO to issue notice u/s 143(2), prior to finalising the assessment order, cannot be condoned by referring to Section 292BB of the Act.

Stay of demand can be granted even without payment of 20% of the tax demand

Delay in issue of Refund- Why interest should not be recovered erring Officer? – Bombay High Court

Reopening merely on the basis of information without proper efforts to find out the veracity and authenticity of information and corroborative evidence/material thereto is not valid