CA, CS, CMA
CA, CS, CMA
Inventory Audit vs Stock Verification: Key Differences, Procedures and Red Flags
Understand inventory audit vs stock verification, SA 501, CARO reporting, stock count procedures, tax implications and common red flags.
Income Tax
Income Tax
Income Tax
Income Tax
ITAT Mumbai Rejects Share Trading Additions Based Solely on Uncorroborated Seized Records
Conversion of Jewellery Into Gold Biscuits Does Not Make Investment Unexplained: ITAT Ranchi
Tata Trust’s Preference Share Investment Does Not Violate Section 13(2)(h): ITAT Mumbai
Interest Deduction Cannot Be Rejected Merely as a Book Entry: ITAT Mumbai
Income Tax
Income Tax
Income Tax
Time-Barred Reassessment Proceedings Cannot Continue Under Section 148: Gujarat HC
Income Tax
Income Tax
Reassessment Without Seven Clear Days Invalid; Section 263 Revision Quashed by ITAT Ranchi
Income Tax
Income Tax
ITAT Mumbai Allows Interest Deduction, Capitalisation and Household Expense Relief
Income Tax
Income Tax
Section 148 Notices Issued Beyond Surviving Time Invalid: ITAT Surat
Goods and Services Tax
GST Penalty Cannot Rest Solely on Suspected E-Way Bill Reuse: GSTAT Lucknow
GST Demands Extinguished Under Approved IBC Resolution Plan Cannot Be Adjudicated: Calcutta HC
GSTAT Bengaluru Quashes ₹9.40 Lakh Penalty for Expired E-Way Bill Due to PIN Code Error
SC Grants Interim Protection Against Coercive GST Recovery in Sumetco Alloys Case
Corporate Law
NCLT Ahmedabad Bars Eviction During IBC Moratorium Despite Expired Licence
Personal Guarantors Cannot Reopen Final DRT Liability Findings Under IBC: NCLAT Delhi
NCLAT Delhi Condones Restoration Delay Caused by Counsel’s Deliberate Absence and Withheld NOC
Gauhati HC Orders Release of ₹19.99 Lakh Seized Cash on Indemnity Bond
Custom Duty
Counsel’s Undisputed Illness Justifies Restoration of Time-Barred Customs Appeal: Madras HC
Unexplained Delay Defeats Immediate Customs Broker Suspension: Madras HC
Purchase Order Date Cannot Determine Importation for Project Import Benefit: Madras HC
Smuggled Gold Jewellery Not Entitled to Automatic Provisional Release: Madras HC
Company Law
Quashed NCLT Order Cannot Justify Continued Seizure of Company Records: NCLAT Delhi
Tata Steel–Rujuvalika Amalgamation Sanctioned With Retrospective Appointed Date: NCLT Mumbai
NCLAT Delhi Upholds Section 244 Waiver for Oppression and Mismanagement Petition Against IMPPA
NCLT Dismisses Recall Plea as Mere Ledger Dispute Does Not Establish Fraud
CA, CS, CMA
ICAI Empanelment to act as Observers at Examination Centres – January 2027
How Professional Qualification and Practical Experience Shaped Samyak Jain’s KPMG Career in Audit
ICAI Notifies ISA Course Assessment Test 2026 on 28th November 2026
Two Letters, One Responsibility – Are We Protecting Value of “CA” in Bank Audits?
Judiciary & Case Law
All Judgments →
ITAT Surat
ITA No. 962/SRT/2025
Form 26AS Reporting Alone Cannot Justify ₹2.45 Crore Capital Gains Addition: ITAT Surat
ITAT Surat deletes ₹2.45 crore capital gains addition based on Form 26AS after examining actual receipts, subsequent returns and co-owners' assessments.
October 11, 2026
ITAT Allahabad
ITA No.51/ALLD/2024
One-Digit Sales Reporting Error Cannot Justify Section 154 Rectification by AO: ITAT Allahabad
ITAT Allahabad quashes Section 154 rectification based on an audit objection and deletes ₹80.61 lakh addition arising from a sales reporting error.
October 11, 2026
ITAT Mumbai
I.T.A. No. 1831/Mum/2026
Later Property Registration Cannot Shift Taxability of Completed Sale: ITAT Mumbai Deletes Addition
ITAT Mumbai deleted a ₹93.34 lakh Section 43CA addition as the property transaction was completed and income offered to tax in AY 2014-15.
October 11, 2026
Featured Experts & Authors
Contributing Author
CA Manish Gugliya (FCA, DISA, M.Com.) is a practicing Chartered Accountant with over 20 years of…
