Competent Authority appointed under FEMA has confirmed the seizure order of Rs. 5551.27 Crore dated 29.04.2022 passed by the ED against Xiaomi Technology India Private Limited under the provisions of FEMA. Press Release – 30.09.2022 The Competent Authority appointed under Section 37A of the Foreign Exchange Management Act has confirmed the seizure order of Rs. 5551.27 […]
ED has freezed bank account balance to the tune of Rs. 21.14 Crore, of M/s OctaFX and related entities in the case of Illegal Online Forex Trading through International Brokers namely OctaFx Trading App and website www.octafx.com under FEMA. Press Release – 29.09.2022 Directorate of Enforcement (ED) has freezed Account balance to the tune of Rs. […]
ED has carried out search operation and freezed account balances of Rs. 9.82 Crore of various Chinese controlled entities in respect of an investigation relating to the misuse of App-based token named ‘HPZ’ and other similar applications by several entities. Total freezing in this case now stands at Rs. 56.49 Crore. Press Release – 29.09.2022 Directorate […]
ED has freezed the crypto currencies [WRX (utility token of WazirX) and USDT (Tether, an Ethereum token that is pegged to the value of a U.S. dollar)] equivalent to Rs 47.64 Lakhs under PMLA, 2002, in respect to an investigation being conducted against one Aamir Khan and others relating to the Mobile Gaming Application, namely E-nuggets. […]
ED has conducted searches in 3 premises pertaining to M/s Coda Payments India Pvt Ltd in connection with an ongoing investigation under PMLA, 2002 Press Release – 27.09.2022 Directorate of Enforcement (ED) has conducted searches in 3 premises pertaining to M/s Coda Payments India Pvt Ltd in connection with an ongoing investigation under Prevention of Money […]
Seeks to further amend Notification No. 04/2022-Central Excise, dated the 30th June, 2022, to decrease Special Additional Excise Duty (SAED) on Diesel to Rs. 3.50 per litre| Notification No. 33/2022-Central Excise | Dated: 01.10.2022. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi Notification No. 33/2022-Central Excise | Dated: 01.10.2022 G.S.R. 756(E).—In exercise of the powers conferred […]
Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to decrease the Special Additional Excise Duty (SAED) on production of Petroleum Crude to Rs. Rs. 8,000 per tonne and on export of Aviation Turbine Fuel to Rs. Nil per litre| Notification No. 32/2022-Central Excise | Dated: 01.10.2022 MINISTRY OF FINANCE (Department of Revenue) […]
ITAT Delhi held that amendment to section 36(1)(va) are effective from 1st April 2021 and hence disallowance of employees’ contribution to EPF and ESI paid before due date of filing return of income is unsustainable
ITAT Bangalore held that deletion of unexplained investment without verifying the reflection thereof in the books of accounts and also without verifying consolidated statement of accounts is untenable in law. Matter remanded to verify the books of accounts
Facility for filing TRAN-1/ TRAN-2 or revising the earlier filed TRAN-1/TRAN-2 on the GST common portal by aggrieved taxpayers, is now available on GSTN from 01.10.2022 till 30.11.2022.
