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Fundamentals of Public Policy – Nature | Goals | Characteristics
Fundamentals of Public Policy refer to the essential principles, concepts, and processes involved in the formulation, implementation, and evaluation of policies that address public issues and promote the welfare of society. In simpler terms, it is the study of how governments make decisions, why they make them, and what impact those decisions have on people […]
Extension of timelines for filing of various reports of audit and Income Tax Returns (ITRs) for the Assessment Year 2025-26
Publish Date : Wednesday, October 29, 2025 source
Decoding Ind AS 37 | Practical Case Studies on Recognition and Measurement of Provisions
1. Introduction Provision is a liability of uncertain timing or amount which is set aside in the financial statements to cover a present obligation that has arisen from a past event. Ind AS 37, Provisions, Contingent Liabilities and Contingent Assets, establishes the principles for recognising and measuring provisions, as well as for disclosing contingent liabilities […]
Single-Line Approval Valid if Shows Satisfaction for Reopening Assessment u/s 151 | HC
Case Details: Principal Commissioner of Income-tax v. Agroha Fincap Ltd. - [2025] 179 taxmann.com 185 (Delhi) Judiciary and Counsel Details V. Kameswar Rao & Vinod Kumar, JJ. Vipul Agrawal, SSC, Ms Sakshi Shairwal, Akshat Singh, JSCs, Gaoraang Ranjan & Ms Harshita Kotru, Advs. for the Appellant. Arvind Kumar, Adv. for the Respondent. Facts of the Case The assessee company received […]
AO Can’t Delay Assessment Citing Belated DRP Objections u/s 144C | HC
Case Details: Principal Commissioner of Income-tax v. Yokogawa India Ltd - [2025] 179 taxmann.com 407 (Karnataka) Judiciary and Counsel Details S.G. Pandit & K. V. Aravind, JJ. E.I. Sanmathi, Sr. Standing Counsel for the Appellant. D.D. Nageswar Rao, Adv. for the Respondent. Facts of the Case The assessee, a company, was engaged in the business of […]
CBDT extends due date for furnishing Return of Income for the Assessment Year 2025-26 under the Income-tax Act, 1961 (the Act)
Publish Date : Wednesday, October 29, 2025 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1231/Press-Release-CBDT-extends-due-date-for-furnishing-Return-of-Income-for-the-Assessment-Year-2025-26-dated-29-10-2025.pdf source
MCA Sets Up New RoC Offices for LLP Oversight from Jan 1, 2026
Notification No. S.O. 4849(E); Dated: 23.10.2025 1. Background The Ministry of Corporate Affairs (MCA) has announced the establishment of new Registrars of Companies (RoCs) and defined their territorial jurisdictions for administering matters related to Limited Liability Partnerships (LLPs) under the Limited Liability Partnership Act, 2008. This reorganisation is part of the Government’s ongoing efforts to […]
MSME Status Not a Shield Against SARFAESI Action if SMA Norms Not Met | HC
Case Details: Ray Projects (P.) Ltd. vs. Board of Directors of Canara Bank - [2025] 179 taxmann.com 260 (HC-Bombay) Judiciary and Counsel Details R.I. Chagla & Farhan P. Dubash, JJ. Mathews Nedumpara, Ms Hemali Kurne & Satsang Tailor for the Petitioner. Atharva Bhilare, Ms Vrushali Kabre & Ms Vaishali Bhilare for the Respondent. Facts of the Case In the instant […]
Audit Engagement – Meaning | Process | Key Standards
An Audit Engagement is a formal arrangement between an auditor and an auditee (the entity being audited) under which the auditor is engaged to perform an audit of the auditee’s records, transactions, or statements. In essence, it represents the contractual understanding—usually documented through an Audit Engagement Letter—that outlines the objectives, scope, and responsibilities of both […]
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