Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
Chartered accountant held guilty of professional misconduct under clause (7) of Part I of Second Schedule to the Act for lack of due diligence and gross negligence in issuing utilization certificate without verifying accuracy of figures or seeking supporting documents from client society. Conduct akin to previous cases where certificates issued without examining underlying documents. However, considering long membership and lack of prior misconduct, instead of removing name from register for one year, respondent severely reprimanded u/s 21(6)(b) of the Act. Reference disposed of accordingly.
Chartered accountant held guilty of professional misconduct under clause (7) of Part I of Second Schedule to the Act for lack of due diligence and gross negligence in issuing utilization certificate without verifying accuracy of figures or seeking supporting documents from client society. Conduct akin to previous cases where certificates issued without examining underlying documents. However, considering long membership and lack of prior misconduct, instead of removing name from register for one year, respondent severely reprimanded u/s 21(6)(b) of the Act. Reference disposed of accordingly.
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