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Abcaus

e­ Cigarettes banned

Ban on ENDS including e­-Cigarettes, e-Sheesha, e-Nicotine Flavoured Hookah etc.

administrator November 28, 2018 Excise/Custom
Ban on ENDS including e­-Cigarettes, Heat-Not-Burn devices, Vape, e-Sheesha, e-Nicotine Flavoured Hookah, and the like products.  Circular No. 46/2018- Customs F. No. 394/121/2018-Cus(AS) Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes & Customs (Anti-Smuggling U nit) New Delhi, dated 27th November, 2018 …
GST FAQ

53 FAQ on Form GSTR-9 Annual Return hosted by ITC of ICAI

administrator November 28, 2018 GST, ICAI
53 FAQ on Form GSTR-9 Annual Return hosted by ITC of ICAI  However the ITC has clarified that the views expressed in the FAQ are of the author(s) and ICAI may not necessarily subscribe to the views expressed in the said FAQ. In effect it ends up in …

Outsourcing of data entry functions poses risk of Income Tax refund frauds – CBDT

administrator November 27, 2018 Income Tax
Outsourcing of data entry functions in Income Tax Department poses a risk of refund frauds and leakage of confidential data – CBDT CentralBoardofDirectTaxes (CBDT) in a latest instruction has stated that large-scale outsourcing of data entry functions in the Income Tax Department poses a risk of refund frauds …
Income Tax Prosecution

Income Tax Prosecution u/s 276CC – Discharge of accused u/s 245 of CrPC denied by Trial Court

administrator November 27, 2018 Income Tax, Trial Court
Income Tax Prosecution u/s 276CC discharge of accused denied by Trial Court since plea of accused u/s 251 CrPC had been recorded and recording of evidence already commenced ABCAUS Case Law Citation: ABCAUS 2652 (2018) (11) AC Important Case Laws Cited/relied upon: Subramanium Sethuraman V. State of Maharashtra: …
other jurisdictions

Templates of Rulings received from other jurisdictions and approach to deal with it – CBDT Instruction No. 6/2018 

administrator November 27, 2018 Income Tax
Templates of Rulings received from other jurisdictions under BEPS Action 5. Ruling exchanged and approach to deal with it.  Instruction No. 6/2018 F. No: 500/141/2018-FT & TR-V Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Foreign Tax & Tax Research- II FT …
FIR

Statutory Auditors made it convenient for company to defraud it, alleges bank

administrator November 27, 2018 Bank
Statutory Auditors made it convenient for company to defraud it, alleges bank. Forensic audit revealed modus operandi used to manipulate the accounts Central Bureau of Investigation (CBI) has registered a case against a Delhi based company and its promoters/ directors for alleged defrauding a bank by misappropriating working capital …

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