News

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

Judgement

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.

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

For violating Section 155 of the Companies Act, the ROC levied a penalty of Rs 50,000 each on its two directors.

ROC Imposes Penalty on Directors for Holding Two DINs

ITAT held that amortization of goodwill arising from slump sale should be treated as an extraordinary expense and excluded while computing PLI under TNMM for transfer pricing

Explore Our Blogs

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

ROC Imposes Penalty on Directors for Holding Two DINs

ITAT: Transfer Pricing Margin Must Exclude Goodwill Amortization From Slump Sale