Category: Black Money

Prevention of Fraudulent Banking Practices

Steps taken for prevention of fraudulent banking practices. Checking of NPAs, Fugitive Economic Offenders Act, 2018, obtaining certified copy of passport   Prevention of Fraudulent Banking Practices The Ministry of Finance has taken number of steps to eliminate fraudulent banking practices. This was stated by Shri Anurag Thakur Minister …

Revision Petition against issue of non­ bailable warrant u/s 50 of Black Money Act dismissed

Revision Petition against issue of non­ bailable warrant u/s 50 of Black Money Act dismissed as NBW do not decide or touch important rights or liabilities of parties. ABCAUS Case Law Citation:ABCAUS 3184 (2019) (10) AC Important case law relied upon by the parties:Inder Mohan Goswami and Ors Vs. State of Uttaranchal and Ors Revision Petition against …

Agreement on Money Laundering Information with over 130 countries including tax havens

Agreement with other Countries on Money Laundering Information. Indian Government has entered into agreements with over 130 countries including tax havens  The Government of India has entered into Double Taxation Avoidance Agreements (DTAAs), Tax Information Exchange Agreements (TIEAs) and Multilateral Convention on Mutual Administrative Assistance in Tax Matters …

Recovery of undisclosed income post demonitization

Recovery of undisclosed income post demonitization Press Information Bureau  Government of India Ministry of Finance 01-August-2017 17:47 IST Recovery of undisclosed income post demonitization  With a view to curbing financing of terrorism through the proceeds of Fake Indian Currency Notes (FICN) and use of such funds for subversive …
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