News

Investigators believe that these restaurants used several methods to suppress their sales, such as bulk deletion of billing records, deleting cash invoices, and underreporting sales.

Income Tax Department Launches Nationwide Search on Restaurants After Uncovering Rs 70,000 Suppressed Sales

Judgement

The Supreme Court refused to entertain a PIL, holding it cannot assume that a certain provision will be misused in the future, especially when there are already legal remedies available.

SC Denies Considering PIL Challenging Search Powers of Tax Authorities; Holds Concerns are Highly Speculative

CGST Delhi arrested a company director for fraudulently claiming Rs 60.59 crore in Input Tax Credit using fake invoices worth Rs 397.23 crore.

Major GST Fraud Detected: CGST Delhi Arrests Director for Rs 60.59 Crore Fake ITC Fraud

HC held that freezing a bank account without specifying disputed amount or nexus with offence violates fundamental rights

High Court Says Entire Bank Account Cannot Be Frozen During Investigation Without Justification

Orders

ROC Bangalore levies penalties on the company and its officers in default for violating section 173(1) of the Companies Act.

ROC Imposes Penalty for Delay in Holding Board Meeting Under Companies Act

Committee imposes Rs. 50,000 fine on CA for failing to exercise due diligence in loan classification and director remuneration verification during audit.

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Income Tax Department Launches Nationwide Search on Restaurants After Uncovering Rs 70,000 Suppressed Sales

SC Denies Considering PIL Challenging Search Powers of Tax Authorities; Holds Concerns are Highly Speculative

Major GST Fraud Detected: CGST Delhi Arrests Director for Rs 60.59 Crore Fake ITC Fraud

High Court Says Entire Bank Account Cannot Be Frozen During Investigation Without Justification

ROC Imposes Penalty for Delay in Holding Board Meeting Under Companies Act

Chartered Accountant Penalized Rs. 50,000 For Failure To Exercise Audit Due Diligence