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Commissioner of Income Tax v. M/s J.K. Synthetics Ltd. | Delhi High Court | Revenue vs Assessee on Revenue vs Capital Expenditure, Interest on Borrowed Funds for Share Investments, Cops Deposit Write-Back & Business Expenditure under Sections 36(1)(iii) and 37 of the Income-tax Act
Facts of the Case
The assessee, M/s J.K. Synthetics Ltd., was engaged in the business
of manufacturing and dealing in yarn.
During Assessment Year 1984-85, the assessee claimed deductions
relating to:
...
National Financial Reporting Authority (NFRA) vs CA Mohammad Ayub (Engagement Partner, M/s ABPS & Associates) | Invalid Branch Auditor Appointment, Professional Misconduct, Violation of Standards on Auditing in DHFL Branch Audit Matter
Facts of the CaseThe National Financial Reporting Authority (NFRA)
conducted an investigation into the professional conduct of CA Mohammad Ayub,
Partner of M/s ABPS & Associates, who acted as the Engagement Partner...
National Financial Reporting Authority (NFRA) vs. CA Mangesh Vitthal Kekre (Branch Auditor of DHFL) | Invalid Branch Auditor Appointment, Audit Documentation Failures and Professional Misconduct under Companies Act, 2013
Facts of the CaseThe National Financial Reporting Authority (NFRA)
initiated an investigation into the role of CA Mangesh Vitthal Kekre, who acted
as the Engagement Partner and branch auditor for seventeen branches of ...
National Financial Reporting Authority (NFRA) vs. CA Harish Sharma (Partner, R. Shah & Co.) NFRA Imposes Penalty and Debarment for Accepting Invalid Branch Audit Appointment and Violating Standards on Auditing in DHFL Branch Audit Matter
Facts of the CaseThe matter arose from NFRA's investigation into the
audit of Dewan Housing Finance Corporation Limited (DHFL), a company listed on
the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).Foll...
National Financial Reporting Authority (NFRA) vs CA Dhiraj Parasmal Jain (Engagement Partner, DHFL Branch Audit) | Invalid Auditor Appointment, Audit Documentation Deficiencies & Professional Misconduct under Section 132(4) of the Companies Act, 2013
Facts of the
CaseThe National Financial Reporting Authority (NFRA)
initiated an investigation into the professional conduct of CA Dhiraj Parasmal
Jain, who acted as the Engagement Partner (EP) and branch auditor for f...
CA D. N. Chaturvedi vs National Financial Reporting Authority (NFRA) NFRA Penalises CA D. N. Chaturvedi for Accepting Invalid DHFL Branch Audit Appointment and Violating Auditing Standards – One-Year Debarment and ₹1 Lakh Penalty
Facts of the CaseThe National Financial Reporting Authority (NFRA)
initiated an investigation into the professional conduct of CA D. N.
Chaturvedi, who acted as the Engagement Partner (EP) for the statutory audit of
s...
Commissioner of Income Tax Delhi-IV vs HLS India Ltd. (2011) – Industrial Undertaking, Section 32A & 80-IA/80-IB, Depreciation Claim on Wireline Logging Equipment
Facts of the Case:
Assessee:
M/s HLS India Ltd. (now HLS Asia Ltd.), an oilfield
services company providing petro-physical and completion solutions.
Revenue:
Commissioner of Income Tax, Delhi-IV.
...
National Financial Reporting Authority (NFRA) vs CA Aabhas Tiwari (DHFL Branch Audit Case) | Professional Misconduct for Accepting Invalid Audit Appointment and Non-Compliance with Auditing Standards
Facts of the CaseThe National Financial Reporting Authority (NFRA)
conducted an investigation into the professional conduct of CA Aabhas Tiwari,
who acted as the Engagement Partner for the statutory audit of six branch...
National Financial Reporting Authority (NFRA) vs M/s Ashok Holani & Co. and CA Rahul Jangir Professional Misconduct in Statutory Audit of Lehar Granito India Limited (FY 2017-18 to FY 2019-20) – Penalty and Debarment Order
Facts of the
CaseThe National Financial Reporting Authority (NFRA)
initiated an investigation into the professional conduct of M/s Ashok Holani
& Co., Chartered Accountants, and CA Rahul Jangir, Engagement Partner...
Commissioner of Income Tax vs Ashok Kumar Arora – Delhi High Court (ITA No. 713 of 2010) I Section 132 – Search and seizure under Income Tax Act, 1961
Facts of the Case:The appeal concerns the deletion of certain additions made
by the Assessing Officer (AO) in the taxpayer's assessment. The AO had relied
on unproduced books of account and documents recovered during s...