PMLA

HC empowered to prevent Abuse of process of Court: Telangana HC quashes proceedings under PMLA filed before CBI Cases-cum-Special Court

June 19, 2021

Public Prosecutor - bail - PMLA - Punjab & Haryana HC - Taxscan

Public Prosecutor not to be heard before grant of Bail, If Court has reason to believe person was not Guilty under PMLA: Punjab & Haryana HC [Read Order]

June 7, 2021

Bitcoin - Dogecoin investors - RBI - Virtual Currencies - Taxscan

Relief to Bitcoin, Dogecoin investors: RBI ask Banks to exercise Customer Due Diligence for Transactions in Virtual Currencies [Read Circular]

May 31, 2021

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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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Fraudulent Investing Scam - Orissa HC - anticipatory bail - cheating depositors - ponzi schemes - Taxscan

Fraudulent Investing Scam: Orissa HC refuses Anticipatory Bail to Journalist alleged of cheating Depositors through Ponzi Schemes [Read Order]

June 19, 2021

The Orissa High Court refused to grant anticipatory bail to journalists accused of cheating depositors through Ponzi schemes. The petitioner, Suman Chattopadhyay is a journalist who earlier happened to be the Director and shareholder of Disha Productions & Multimedia Pvt. Ltd. (DPMPL). As reported, he ceased to be the share-holder and Director of DPMPL in […]

GST: All you need to know about Auto-Drafted GSTR-2B

June 19, 2021

On the GST Portal, Form GSTR-2B is an auto-drafted ITC statement that will be displayed for every registered person on the basis of the information furnished by his suppliers in their respective GSTR-1, GSTR-5 (non-resident taxable person), and GSTR-6 (input service distributor). It is a static statement and will be made available for each month, […]

Maharashtra Govt - pending VAT Proceedings - Taxscan

Maharashtra’s Govt. withdraws pending VAT Proceedings [Read Notification]

June 19, 2021

The Maharashtra Government notified the order for withdrawal of pending Value Added Tax (VAT) Assessment Proceedings. For the effective utilization of the available manpower for the disposal of pending work under the Value Added Tax Act, the Central Sales Tax Act, and also the work related to Goods and Services Tax, it has become necessary […]

CESTAT - Custom Authority - confiscated consignments - return penalty amount - Importer - Taxscan

CESTAT directs Customs Authority to Release Confiscated Consignments, return Penalty amount as no copy of order served on Importer [Read Order]

June 19, 2021

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) directed the Customs Authority to release confiscated consignments, return a penalty amount as no copy of order served on Importer. Advocate Manu Tom Cheruvally on behalf of the appellant K.J. Associates submitted that both the authorities have failed to note the specific version of the appellant […]

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