Judgement

Absolute Projects (India) Limited failed to regularise Mrs. Monika Ola as Director at its 2018 AGM. This 2,721-day default under Section 161(1) resulted in a Rs 6 Lakh penalty on the company and its three directors.

ROC Imposed penalty on Company for Non-regularisation of Additional Director for over 7 years

ITAT held that no addition can be made on assumptions, estimates, or WhatsApp chats without solid evidence, and ruled in favour of the assessee.

ITAT Kolkata Deletes Additions on Bogus Purchases and WhatsApp Evidence

News

ED arrested Punjab Minister Sanjeev Arora over alleged fake GST and money laundering activities.

ED Arrest's Punjab Industries Minister Sanjeev Arora in Fake GST Billing Matter

CBI conducted searches across Mumbai in ongoing investigation involving alleged Reliance ADA Group financial frauds.

CBI Investigates Alleged Rs. 27,337 Crore Fraud against Anil Ambani-led Reliance Group

The Tribunal found no profiteering as the builder had already passed on GST benefits to buyers, and the case was closed.

No GST Profiteering Found as Builder Already Passed Tax Benefits to Homebuyer

No GST Profiteering Found as Builder Already Passed Tax Benefits to Homebuyers

ICAI warns members and students against fraudulent communications seeking sensitive financial and personal information.

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ROC Imposed penalty on Company for Non-regularisation of Additional Director for over 7 years

ITAT Kolkata Deletes Additions on Bogus Purchases and WhatsApp Evidence

ED Arrest's Punjab Industries Minister Sanjeev Arora in Fake GST Billing Matter

CBI Investigates Alleged Rs. 27,337 Crore Fraud against Anil Ambani-led Reliance Group

No GST Profiteering Found as Builder Already Passed Tax Benefits to Homebuyers

ICAI Issues Public Advisory on Fake Communications and Impersonation Attempts