"14 September 2022" Archive

GST Evasion: Bail to co-accused can be a strong ground for another co-accused

Ashish Rajput Vs Union of India (Allahabad High Court)

Bail granted to one of the co-accused, can be a strong ground for another co-accused to also be enlarged on bail. Ashish Rajput Vs Union of India (Allahabad High Court)...

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ED searches in respect to investigation relating to Mobile Gaming Application

ED has carried out search operations under PMLA, 2002 (on 10.09.2022) at 06 premises in Kolkata, in respect to an investigation relating to the Mobile Gaming Application. Cash amounting to Rs 17.32 Cr has been seized. Press Release 11.09.2022 Directorate of Enforcement (ED) has carried out search operations under the provisions of the Pr...

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Request to include CAs as Technical Member of GST Appellate Tribunal

ICAI request to Amend section 110 of the CGST Act, 2017 to qualify Chartered Accountants as Technical Member to GST Appellate Tribunal...

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Six Years Imprisonment with Fine of Rs. 1.50 Lakh to then DCIT

Special Judge, CBI Cases, Lucknow (Uttar Pradesh) has today sentenced Shri Arvind Mishra (an IRS-1989 Batch), then Deputy Commissioner, Income Tax, Lucknow to undergo six years Imprisonment with fine of Rs. 1.50 lakh in a CBI case....

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Extension of Annual General Meeting (AGM) 2022

Extension Of Annual General Meeting (AGM) Before going through the procedure for seeking extension for holding AGM, I would like to talk about relevant provisions and circulars related to AGM/EGMs for the financial year 2021-22. Here we will get to know about how to seek extension for holding AGM. What if Companies do not hold […]...

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Everything you must know about new disclosures in GSTR-3B

Taxpayers are now required to report their ITC availment, reversal of ITC and ineligible ITC correctly as per new format of Table 4 of GSTR-3B at GST portal for GSTR-3B of August 2022 onwards....

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Preserving and Applicability of Arm’s Length Principle

Preserving Arm’s Length Principle status in the international context While it may not be perfect, the member countries of the OECD focus have a tendency that the arm’s length principle should govern the judgment of transfer pricing between associated enterprises. In theory, the arm’s length principle has always been coherent as it ...

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TDS under Section 194R: Additional Guidelines

SECTION 194R – TDS on benefit or perquisite in respect of business or profession – Additional Guidelines for removal of difficulties under Section 194R(2) of the Income-tax Act, 1961 Introduction: Section 194R was inserted in the Income Tax Act, 1961 vide the Finance Act, 2022 and was made applicable w.e.f. 1st July, 2022. T...

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Complete & abject failure of Rajasthan government in prevention of fraudulent property transfers & registrations – Part 1

This concerns every citizen of this country as such because each one of us has some investment into properties. We feel secure that we have exercised due diligence & that our investments are safe & secure but it is a rude shock that this is not the truth but in the State of Rajasthan, it is very easy to fabricate & make a fraudulent Power...

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Exposure draft of SSAE 3000 Assurance Engagements on Sustainability Information

The Sustainability Reporting Standards Board (SRSB) formulates this Standard on Sustainability Assurance Engagements (SSAE) 3000 Assurance Engagement on Sustainability Information....

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September 2022