The Supreme Court has invalidated the 25-year practice requirement for Chartered Accountants seeking ITAT Accountant Member posts, ruling it unconstitutional. The decision opens opportunities for younger CAs and directs the Union to reframe the eligibility norms.
A bench consisting of Justices BV Nagarathna and N Kotiswar Singh was hearing the Congress’ appeal against the Delhi High Court’s March 13 order, which found no reason to interfere with the ITAT’s decision. However, the High Court permitted the Congress to file a new stay application before the ITAT, taking into account developments such […]
The Income Tax Appellate Tribunal (ITAT) has temporarily allowed the Indian National Congress to access its frozen bank accounts while subject to a lien imposed by the Income Tax Department. The decision follows the party’s disclosure of the account freeze, citing it as an attack on democracy. This milestone highlights the delicate balance between financial scrutiny and political freedom.
