Judgement

HC restrains borrowers from misusing IBC moratorium to stall SARFAESI auction enforcement and possession.

IBC Misuse to Stall SARFAESI Action: HC Intervenes Against Defaulters

News

Pimpri-Chinchwad police in lonvala carried out a late-night raid and uncovered an online share trading scam, arresting four young individuals.

Pimpri-Chinchwad Police Uncovers Share E-Trading Fraud in Lonavla; Four Individuals Apprehended

The ITAT upheld a Rs 1.44 crore addition for unexplained demonetisation cash deposits, rejecting the assessee’s claim of accountant-led fraud due to lack of evidence.

Accountant Fraud Defence Fails: ITAT Upholds Rs 1.44 Crore Addition in Demonetisation Deposit Case 

Notifications

The Central Government, using its power given under Section 8(1) of the COFEPOSA Act, 1974, has reconstituted the Advisory Board.

Central Govt Reconstitutes Advisory Board Under Conservation of Foreign Exchange and Prevention of Smuggling Activities Act

CESTAT ruled that the profit margin from selling imported gold coins is not a taxable service, quashing the 'Clearing & Forwarding' demand.

CESTAT Quashes Service Tax Demand on Gold Coin Sales Activity

Several stakeholders highlighted the importance of statutory audits even in small companies to avoid any fraud. They have warned that even a small negligence can prompt fake entities to misuse the law.

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IBC Misuse to Stall SARFAESI Action: HC Intervenes Against Defaulters

Pimpri-Chinchwad Police Uncovers Share E-Trading Fraud in Lonavla; Four Individuals Apprehended

Accountant Fraud Defence Fails: ITAT Upholds Rs 1.44 Crore Addition in Demonetisation Deposit Case

Central Govt Reconstitutes Advisory Board Under Conservation of Foreign Exchange and Prevention of Smuggling Activities Act

CESTAT Quashes Service Tax Demand on Gold Coin Sales Activity

Government Reviewing Proposal to Exempt Audit for Small Companies