Dear Auditors, Get ready for New Reporting on Fraud in the Company (Auditors Report) Order, 2020

Expectations of common tax payers for rationalisation of some tax provisions in the budget By Balwant Jain

GST: High Court enhanced the fine of the GST Authorities for blatant abuse of powers

Statistics of various reports filed on Income Tax portal – as declared by CBDT chairman in his affidavit before Hon’ble Gujarat High Court

Notice issued against deceased person is null and void and liable to be set aside: Delhi HC

Union Budget -2022: The Top 10 Expectation of the Taxpayers

Transferring case to facilitate authorities to do an effective & co-ordinate investigation & assessment is valid: HC

Representation to FM by BJP CA Cell, Mumbai for GST betterment in Union Budget 2022

Allowability of Input tax credit if assessee paid tax by furnishing Form GST DRC-03

GST: If payments made to a charitable organization has character of gift or donation and purpose is philanthropic (i.e. it leads to no commercial gain) and is not for advertisement, then GST is not leviable; in all other cases GST is leviable

Taxation of Future & Options

Addition u/s 68 towards Share capital/ share premium, bogus purchases and deposit in bank account deleted by Delhi HC

“We wonder whether the officers of respondents ever bother to read the papers before writing the reasons or recommending for approval or while granting approval”: Bombay HC Issues strictures against AO for total non-application of mind

Admissibility of deduction u/s 40A(3) if the assessee made cash payments exceeding prescribed limit in supplier’s bank account directly

Income Tax Department conducts search and seizure operations in Haryana

Hon’ble Gujarat high court disposes the petitions on assurance by CBDT for resolution of technical glitches

Validity of denial of ITC for the reason that the supplier is not genuine and a 

Dear Auditors, Get Ready for  New Reporting Requirements in case of Companies Audit