In an important communication sent to @CimGOI Shri @PiyushGoyal today, we have urged the Govt to ensure that the word ‘Affiliate Entity’ must be made an integral part of the proposed E-commerce Rules to prevent abuse of customers & sellers both by way of dominance & monopoly. Confederation of All India Traders “Vyapar Bhawan” 925/1, […]
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.
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 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 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.
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 […]
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;
DCIT Vs Forum Homes Pvt Ltd. (ITAT Mumbai) A reading of Article 12(4) of the tax treaty would make it clear that payment made to a resident of one of the contracting state can be regarded as FTS, if, in course of providing managerial/technical or consultancy services, technical knowledge, experience, skill, know-how or processes is […]
Income Tax Department conducts searches in Kanchipuram, Chennai and Vellore The Income Tax Department conducted searches on 05/10/2021 in two cases of Kanchipuram, one being a Chit Fund and Financing Group and the other a retailer of Silk Sarees and other garments. The search operations were carried out at 34 premises located in Kanchipuram, Chennai […]
Galax E Solutions India Pvt. Ltd. Vs ACIT (ITAT Bangalore) ITAT held that companies having turnover more than 200 crores upto 500 crores has to be regarded as one category and those companies cannot be regarded as comparables with companies having turnover of less than 200 crores. FULL TEXT OF THE ORDER OF ITAT BANGALORE […]
