Latest Tax News & Updates

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Company features of Active (Company KYC) form

Company Law - 03-Apr-2019

 The Ministry of Corporate Affairs, in its pursuit to improve Corporate Governance and Compliances on the part of the Company after the successful roll out of DIR-3 KYC for Directors/DIN holders, has introduced eform (INC-22A) christened ‘ACTIVE (Active Company lagging Identities and Verification) vide rule 25 A of the Companies (Incorporation) Rules, 2014 inserted vide notification dated 21st February 2019 which is effective from 25th February 2019 for Companies....

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3 Years imprisonment to then Central Excise Inspector in bribery case

Excise Duty - 03-Apr-2019

Central Bureau of Investigation THREE YEARS IMPRISONMENT TO THEN INSPECTOR, CENTRAL EXCISE IN A BRIBERY CASE; DISMISSED FROM SERVICE The Special Judge, North Goa has convicted Sh. Nilesh Thakur, then Inspector, Central Excise, Goa in a bribery case and sentenced him to undergo three years Simple Imprisonment with fine of Rs. 40,000/-. The Commissioner, GST, Goa has dismissed Sh. Nilesh Thakur, then Inspector from service. CBI had registered the case on 29.05.2013 U/s 7 of PC Act, 1988...

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CBI arrests a Superintendent of Central Excise in alleged bribery case

Excise Duty - 03-Apr-2019

Central Bureau of Investigation Press Release CBI Arrests a Superintendent of Central Excise and a Private Person in an Alleged Bribery The Central Bureau of Investigation has arrested then Superintendent, Range-36, Central Excise, Nehru Place, New Delhi (now Superintendent, GST Council, New Delhi) and a Tax Consultant (private person) in an alleged bribery. A case was registered U/s 120 B of IPC and Sec. 7 & 8 of PC Act 1988 on the allegations that the public servant was...

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CBI arrests Enforcement Officer EPFO Accepting Bribe

Income Tax - 03-Apr-2019

CBI Press Release- New Delhi, 18.03.2019 The Central Bureau of Investigation has arrested an Enforcement Officer, working in Employees Provident Fund Organization (EPFO), Nagpur (Maharashtra) for demanding and accepting a bribe of Rs. 50,000/- from the complainant. The case has been registered u/s 7(a) of PC (Amendment) Act, 2018against the Enforcement Officer on a complaint. The complainant had alleged that his Nagpur based firm was engaged in supply of manpower to different...

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Income Tax Departments sets up control rooms for NER for LS Election

Income Tax - 03-Apr-2019

The Income Tax Department (Investigation), NER has prepared itself to deal with any reported movement of unaccounted money ahead of the Lok Sabha elections. Pursuant to the notifications for holding Lok Sabha Elections 2019 by the Election Commission of India(ECI). the Investigation Directorate of the Income Tax Department, North East Region (NER) has deployed Surveillance Teams in Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram. Nagaland and Tripura, Air Intelligence...

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