Kerala's Biggest Ponzi Investment Fraud: ED opposes Bail for Highrich Group MD and CEO in Kerala HC, Anticipatory Bail Hearing on Friday
The ED, in its counter affidavit opposing a bail petition by Highrich MD Kolatt Dasan Prathapan and Sreena Prathapan, revealed that a preliminary...
![Tax implications and neutrality of transaction play a pivotal role in determining applicability of Section 40A (2) (a) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/itat-mumbai-Tax-Implications-in-Transactions-ITAT-Ruling-on-Tax-Neutrality-Taxation-of-Financial-Transactions-taxscan.jpg "Tax implications and neutrality of transaction play a pivotal role in determining applicability of Section 40A (2) (a) of Income Tax Act: ITAT [Read Order]")
![Ex Parte Assessment Order passed regarding Bogus Purchases: ITAT directs re adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ITAT-directs-readjudication-Assessment-Order-TAXSCAN.jpg "Ex Parte Assessment Order passed regarding Bogus Purchases: ITAT directs re adjudication [Read Order]")
CTRL+ALT+DECEIT: Tax-Evasion Implications of alleged NexGen Rigs Kerala Gaming PC Sales Fraud misusing Malayalam Gaming and Tech Youtubers for Promotions
An alleged Gaming PC sales fraud has allegedly left hundreds of gaming and technology enthusiasts at a loss of money and time. Nexgen Rigs, at Trivandrum, Kerala is said to have used Malayalam...
Finance Minister Clarifies Prospective Application of 28% GST on Online Gaming Bets, Excludes Winnings from Valuation Rules
Finance Minister Nirmala Sitharaman clarified on Tuesday that the 28 per cent Goods and Services Tax (GST) on entry-level bets on online gaming platforms will be applicable prospectively, with...
Reasonable Belief of Commission of Offense u/s 132 of GST Act: Kerala HC upholds Arrest by GST Authorities u/s 69, denies Bail in Rs. 6.4 Cr Tax Evasion [Read Order]
The Kerala High Court has emphasized that officials are empowered to exercise arrest authority under Section 69 of the Kerala State Goods and Services Act, 2017, if there is a reasonable belief that...
![Reasonable Belief of Commission of Offense u/s 132 of GST Act: Kerala HC upholds Arrest by GST Authorities u/s 69, denies Bail in Rs. 6.4 Cr Tax Evasion [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Reasonable-Belief-Commission-of-Offense-Kerala-High-Court-TAXSCAN.jpg "Reasonable Belief of Commission of Offense u/s 132 of GST Act: Kerala HC upholds Arrest by GST Authorities u/s 69, denies Bail in Rs. 6.4 Cr Tax Evasion [Read Order]")
Offence u/s 276 CC of Income Tax Act Not Attract in absence of Tax Evasion: Supreme Court Dismisses SLP [Read Order]
The Supreme Court dismissed the Special Leave Petition (SLP) which arose out of the impugned final judgment and order passed by the High Court of Judicature at Madras wherein the court held that...
![Offence u/s 276 CC of Income Tax Act Not Attract in absence of Tax Evasion: Supreme Court Dismisses SLP [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/supreme-court-SLP-Tax-Evasion-Income-Tax-Act-taxscan.jpg "Offence u/s 276 CC of Income Tax Act Not Attract in absence of Tax Evasion: Supreme Court Dismisses SLP [Read Order]")
CBIC Extends Deposit Exemption for Certain Goods under Section 51A(4) of Customs Act until January 20, 2024. [Read Order]
The Central Board of Indirect Taxes and Customs (CBIC), vide Notification No. 88/2023-Customs (N.T.) dated November 29, 2023, extended the exemption from deposits for specified goods under Section...
