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Archive: 12 October 2021

Posts in 12 October 2021

CCI imposes penalties upon firms for bid rigging in tender floated by GAIL

October 12, 2021 945 Views 0 comment Print

The Competition Commission of India (‘CCI’) passed a final order against two firms, viz ; PMP Infratech Pvt. Ltd. and Rati Engineering, for indulging into concerted practices leading to bid rigging of tender floated by GAIL in 2017–18 for the  restoration of well site located in Ahmedabad and Anand areas of Gujarat.

Rs. 43.58 Crore GST fraud detected, one arrested

October 12, 2021 2634 Views 0 comment Print

CGST Chennai North Commissionerate has arrested a tax evader for fake invoicing by floating several fictitious companies and committing serious offence of issuing invoices without supply of goods and fraudulently passing on ineligible ITC under section 69 of the CGST Act, 2017. Rs.43.58 Crore GST fraud detected, one arrested PRESS RELEASE The Headquarters Preventive Unit […]

Mystery of Zero Audit Fees of 1.81 lacs Companies As per NFRA Report

October 12, 2021 8055 Views 4 comments Print

Mystery of Zero Audit Fees of 1.81 lacs Companies As per NFRA Report The answer is Big No? In No way It is possible to get Audit done work done without paying any single rupee for Audit!! Does any logic certify that? So How NFRA computed that –  Wherefrom they have taken this data? NFRA […]

Civil Court cannot Entertain Suit Structured on Industrial Disputes Act : SC

October 12, 2021 3129 Views 0 comment Print

Civil court lacks jurisdiction to entertain a suit structured on the provisions of the Industrial Disputes Ac. The decree favouring the plaintiff is a legal nullity and the finding of the High Court to this extent is upheld.

Faceless Assessment order quashed as password for VC not provided

October 12, 2021 16134 Views 0 comment Print

Neeraja Rateria Vs National Faceless Appeal Centre Delhi (Calcutta High Court) The Court: Heard learned advocates appearing for the parties. In this matter the petitioner has challenged the impugned assessment order dated 26th August, 2021 passed under section 143(3) read with section 144B of the Income Tax Act relating to assessment year 2018-19 and subsequent […]

Govt Constitutes Expert Group on Tobacco Taxation

October 12, 2021 1245 Views 0 comment Print

To develop a proposal for comprehensive tax policy for all tobacco products with a public health perspective, it has been decided to constitute an Expert Group with the following members;

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