Blog Categories
All Posts
Accounting Standard 12
CBDT 1
Chartered Accountant 1
Chartered Engineer 1
Greetings 1
Income Tax Act 2025 0
Labour Law 2
MCA Notification 1
MSME 1
NGO- Trust & Society 0
PLACEMENT 1
Press Information Bureau, Government of India (PIB) 2
RBI & Banks 1
RERA 0
RTI 1
STUDENT ICAI 1
Virtual Webinar 5
Subscribe to Newsletter
Join our subscribers list to get the latest Tax Updates and Opportunities.
Knowledge Portal
Click here to explore deep insights, FAQs, and comprehensive tax guides.
Explore Now
Commissioner of Income Tax v. M/s Poddar Pigments Limited – Eligibility of Interest on Delayed Realisation of Sale Proceeds for Deduction under Section 80-IB and Scope of Reassessment Proceedings under the Income-tax Act, 1961 | Delhi High Court
Facts of the CaseThe Revenue filed an appeal before the Delhi High Court
against the order of the Income Tax Appellate Tribunal relating to Assessment
Year 2002-03.During reassessment proceedings, the Assessing Officer...
CA Akash Goel vs National Financial Reporting Authority (NFRA) | DHFL Branch Audit Misconduct Case under Section 132(4) of the Companies Act, 2013
Facts of the CaseDHFL, a listed housing finance company, was
allegedly involved in large-scale financial irregularities and fraud. NFRA
initiated a suo motu Audit Quality Review concerning the statutory audit of
DHFL ...
CA Ayna Tamton vs National Financial Reporting Authority (NFRA) – Correction in NFRA Order concerning Dewan Housing Finance Corporation Limited (DHFL) under Section 132(4) of the Companies Act, 2013
Facts of the CaseNFRA observed clerical and
nomenclature-related inaccuracies in the description and certain paragraphs of
its disciplinary orders issued against Chartered Accountants Akash Goel and
Ayna Tamton.To rem...
CA Sam Varghese vs National Financial Reporting Authority (NFRA) | Invalid Branch Auditor Appointment, Professional Misconduct under Section 132(4) of Companies Act, 2013 in DHFL Branch Audit Matter
Facts of the
Case
DHFL was a listed housing finance company operating through
multiple branches across India.
NFRA initiated an Audit Quality Review of DHFL's statutory audit
for FY 2017-18 after allega...
Xerox Medicorp Ltd. v. Deputy Commissioner of Income Tax & Others – Mandatory Requirement of Speaking Order on Objections Before Reassessment under Sections 147 & 148 of the Income-tax Act, 1961 | Delhi High Court
Facts of the CaseThe petitioner, Xerox Medicorp Ltd., challenged reassessment
proceedings relating to Assessment Years 2002-03 and 2004-05.The original assessments had been completed under Section
143(3) of the Income-...
National Financial Reporting Authority (NFRA) vs M/s ASRMP & Co., CA A. S. Sundaresha, CA Madhusudan U. A. & CA Pranaav G. Ambekar | Audit Failure in Coffee Day Global Ltd., Diversion of ₹3,535 Crore Funds, Auditor Independence Violations and Penalty under Section 132(4) of the Companies Act, 2013
Facts of the
Case
Coffee Day Global Limited (CDGL) was a subsidiary of Coffee Day
Enterprises Limited (CDEL).
SEBI discovered diversion of funds amounting to approximately
₹3,535 crore from several sub...
CA M. Baskaran vs National Financial Reporting Authority (NFRA) – Professional Misconduct in DHFL Branch Audit, Invalid Appointment under Section 139 Companies Act, 2013 and Violations of Standards on Auditing
Facts of the Case
DHFL, a listed housing finance company, was under investigation in
relation to large-scale financial irregularities and alleged fraud.
NFRA conducted an Audit Quality Review of DHFL's statuto...
Xerox Medicorp Ltd. v. Deputy Commissioner of Income Tax & Others – Reassessment under Sections 147/148 Without Passing Speaking Order on Objections as Mandated in GKN Driveshafts (India) Ltd. v. ITO | Delhi High Court
Facts of the CaseThe writ petitions involved identical issues and were
therefore heard together by the Delhi High Court.The petitioner, Xerox Medicorp Ltd., had originally been
assessed under Section 143(3) of the Inco...
Commissioner of Income Tax v. Moni Kumar Subba (2011) — Full Bench Judgment on Addition of Notional Interest on Security Deposits under Section 23(1) of the Income Tax Act
Facts
of the CaseThe assessee filed his return of income
for the Assessment Year 2001-02. During the assessment proceedings under
Section 143(1) of the Income Tax Act, 1961, the Assessing Officer (AO) observed
that t...
Commissioner of Income Tax v. D.D. Axles Pvt. Ltd. [2010] 2010:DHC:1967-DB (Delhi High Court) – Block Assessment Limitation under Sections 132, 132(3), 158BC & 158BE of the Income-tax Act, 1961
Facts of the CaseA search operation under Section 132(1) of the Income-tax Act
was conducted at the premises of D.D. Axles Pvt. Ltd. on 29 August 1996 and
continued until 30 August 1996.During the search, books of acco...