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ED - Delhi High Court - SCN - J.P Morgan - Taxscan

ED empowered to Dispose of Objections for want of detailed consideration: Delhi HC refuses to quash SCN against J.P Morgan

June 12, 2021

The Delhi High Court while refusing to quash the Show Cause notice (SCN) ruled that the Enforcement Directorate (ED) is empowered to Dispose of Objections for the want of detailed consideration. The petitioner, J.P.Morgan India Pvt. Ltd. challenged the Show Cause Notice and the consequent Order and the Communication of the ED, proceeding with the […]

Self-Assessment Tax Payment - Tax Arrear - Vivad se Vishwas Scheme - Bombay High Court - Taxscan

Delayed Self-Assessment Tax Payment can’t be Tax Arrear for Vivad se Vishwas Scheme: Bombay High Court [Read Judgment]

June 12, 2021

The Bombay High Court ruled that the Delayed self-assessment tax payment cannot be tax arrear for Vivad se Vishwas Scheme. The petitioner, Macrotech Developers Limited is a public limited company incorporated under the Companies Act, 1956 having its registered office at Mahalaxmi, Mumbai. It is engaged in the business of land development and construction of […]

ICAI - CA Members- Register - Digital Audit Tools Free of Cost - taxscan

ICAI directs CA Members to Register to get Digital Audit Tools Free of Cost

June 12, 2021

The Institute of Chartered Accountants of India (ICAI) has directed CA Members to Register by June 30, 2021, to get Digital Audit Tools Free of Cost. The Committee for Members in Practice (CMP) world stands at the brink of a technological revolution and the scale, scope, and complexity of the transformation will be unlike anything […]

Punjab & Haryana HC - anticipatory-bail - Money Laundering - Taxscan

Punjab & Haryana HC rejects Anticipatory Bail to persons accused of Money Laundering worth Rs.220 Cr [Read Order]

June 12, 2021

The Punjab and Haryana High Court rejected the anticipatory bail to a person accused of Money Laundering worth Rs.220 Crores. The petitioner, Jagadish Nangineni and Jagdish Chandra Sharma submitted that Sobha and Chintels entered into 59 agreements to sell through which they agreed to sell 59 NPNL plots to LLPs created by Sobha at the […]

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Madras High court - Petition on Ground - Jurisdiction - Doctrine of Exhaustion of Alternative Remedies - taxscan

Madras HC dismisses Petition on Ground of lack of Jurisdiction by applying the Doctrine of Exhaustion of Alternative Remedies [Read Order]

June 22, 2021

The Madras High Court dismissed the writ petition on Ground of lack of Jurisdiction by applying the Doctrine of Exhaustion of Alternative Remedies. The petitioner, M/s. Vishwataj Developers Pvt Ltd has been involved in the business to acquire, purchase, hire or obtain by exchange of any land, buildings or other structures, for the purpose of […]

CA Aspirants - CJI - Opt Out Option- Additional Exam- Old Course Students - Taxscan

Over 6,000 CA Aspirants writes to CJI to provide Opt-Out option, Additional Exam, Increase Number of Attempts for Old Course CA Students [Read Letter]

June 22, 2021

Over 6,000 students have written a letter to Chief Justice of India NV Ramana flagging three major concerns with regard to the proposed examination namely no Opt-Out Option has been provided to the students; no Extension Of Old Course Attempts; and no Additional attempt for the students who are unable to appear due to COVID-19. […]

Provisional Attachment Orders - Judicial Review - Madhya Pradesh High Court - Taxscan

Provisional Attachment Orders tentative, subjected to Judicial Review: Madhya Pradesh High Court [Read Order]

June 22, 2021

The Madhya Pradesh High Court held that the Provisional Attachment Orders are tentative, and are subjected to Judicial Review. The appellant, Abhay Nigam purchased plots through various registered sale deeds and registered agreement to sell. The appellants invested their lifetime savings for purchase of plots after seeking permission of different statutory bodies such as Town […]

GST - Track assembly - Motor vehicle - AAR - Taxscan

28% GST applicable on ‘Track Assembly’, an accessory to Motor Vehicle: AAR [Read Order]

June 22, 2021

The Tamil Nadu Authority of Advance Ruling (AAR) ruled that 28% GST applicable on ‘Track assembly’, which is an accessory to Motor vehicles. The applicant, Daebu Automotive Seat India Private Limited is a manufacturer of Seat Components and Accessories, which is added to the manufacturing of Full Seat of four-wheelers. The parent company which is […]

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