‘ Manpasand Beverages’ Top Officials Arrested For Rs 40 Crore Tax Fraud

Posted On & filed under Tax Law News.

Top officials of Manpasand Beverages Ltd. were arrested on Friday by the goods and services tax department for an alleged Rs 40-crore fake invoice scam. The Central GST and Customs office arrested Managing Director Abhishek Singh, his brother Harshvardhan Singh and the company’s Chief Financial Officer Paresh Thakkar after conducting an investigation, according the agency’s… Read more »

“GRAs to look into harassment complaints of tribals”

Posted On & filed under Tax Law News.

The Supreme Court has said that the complaints of tribals of three districts in Madhya Pradesh regarding alleged harassment by forest officials and police inaction would be taken care of by the grievance redressal authority (GRAs) set up by it. The ‘Shramik Adivasi Sangathan’ had approached the apex court against the order of the Madhya… Read more »

Row over goods entry tax: Hearing by SC’s 9-judge bench begins

Posted On & filed under Tax Law News.

A nine-judge bench of the Supreme Court today commenced hearing to examine the validity of separate entry taxes on goods mandated by various state government statutes, without heeding to the plea of the Centre to wait for the passage of GST Bill in Parliament. As the Constitution Bench headed by Chief Justice T S Thakur… Read more »

Two accused firms received Rs 742.58 cr proceeds of crime: ED

Posted On & filed under Corporate Law News, Tax Law News, Top Law News.

The Enforcement Directorate today told the special 2G court that there were money transactions which allegedly showed that Sun Direct TV Pvt Ltd (SDTPL) and South Asia FM Ltd (SAFL) received Rs 742.58 crore as “proceeds of crime” from Mauritius-based firms in Aircel-Maxis deal related money laundering case. The court has fixed February 20 when… Read more »

Court to hear arguments on charges against Burman on Jul 24

Posted On & filed under Tax Law News.

A Delhi court has fixed July 24 for hearing arguments on framing of charges in an alleged tax evasion case against Pradip Burman, one of the Dabur India promoters whose name has cropped up in the list given by the Centre to the Supreme Court on the black money issue. Additional Chief Metropolitan Magistrate Devendra… Read more »

Will hike auto, taxi fares as per Hakim panel report: Maha

Posted On & filed under Tax Law News.

The Maharashtra government today informed the Bombay High Court that taxi and autorickshaw fares would be increased based on the recommendation of the now-scrapped Hakim Committee till the newly set up committee submits its report. The Mumbai Metropolitan Road Transport Authority (MMRTA) had on May 11 proposed a hike in the basic fare for autorickshaws… Read more »

Court grants interim bail to IRS officer in graft case

Posted On & filed under Tax Law News.

A Deputy Commissioner of Income Tax, arrested along with others by CBI for allegedly receiving bribe of Rs 1.5 lakh to favour private companies in their tax assessment-related matters, has been granted interim bail for one month by a Delhi court. Special CBI Judge S C Rajan granted one month interim bail to M Logapathy,… Read more »

Court dismisses bail plea of suspected LeT operative

Posted On & filed under Criminal Law News, Tax Law News.

A Delhi court has dismissed the bail plea of a suspected Lashker-e-Taiba (LeT) operative, who was arrested for allegedly conspiring to kidnap businessmen from various places for raising funds to carry out terror strikes in the national capital. Additional Sessions Judge (ASJ) Reetesh Singh denied bail to Mohd Shahid, arrested in December 2013 from Mewat… Read more »

HC refuses relief on petition challenging tax on ‘unfit’ car

Posted On & filed under Tax Law News.

The Bombay High Court has refused to grant relief on a petition challenging the decision of a Regional Transport Office (RTO) to levy environment tax on a 33-year-old Premier Padmini car, which was mechanically unfit and rendered permanently unusable. However, Justice B P Dharmadhikari allowed the petitioner to obtain a certificate from the Transport Commissioner… Read more »