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Govt orders mandatory declaration of stock position of wheatCPI gets Rs 11 Cr tax notice for using old PAN numberGST - Penalty demand of Rs.3731 crores - A person who would fall within the purview of sub-section (1-A) of s.122 should necessarily be a taxable person who retains the benefits of transactions: HCGovt issues advisory against calls impersonating DoTFATP hand-wrings over slow regulation of crypto by member-countriesGST - Threatening and pressurising petitioner who is merely an employee - Highly unconscionable and disproportionate on the part of the officer: HCECI's C-Vigil app a big hit with votersGST - Same relief was claimed in earlier petition which was withdrawn unconditionally - Fresh petition seeking same relief is barred by the estoppel principle: HCIncome tax hands over Rs 1700 Cr tax demand to Congress PartyGST - Neither SCN nor the order spell out the reasons for retrospective cancellation of registration, hence cannot be sustained: HCStage-2 of Vikram-1 orbital rocket successfully test-firedGST - Non-application of mind - If reply was unsatisfactory, details could have been sought - Record does not reflect that such exercise was done - Matter remitted: HCHouthis claim UK has not capability to intercept their hypersonic missilesGST - Merely because a taxpayer has not filed returns for some period does not mean that registration is required to be cancelled with retrospective date also covering the period when returns were filed and taxpayer was compliant: HCIsraeli forces kill 200 Palestinians at Gaza medical complex & arrest over 1000GST - Petitioner's reply, although terse, is not taken into account while passing assessment orders - Petitioner put on terms, another opportunity provided: HCUnveil One Nation; One Debt Code; One Compliance Rule for Centre & StatesChina moves WTO against US tax subsidies for EVs & renewable energyMore on non-doms - The UK Spring Budget 2024 (See TII Edit)Training Program for Cambodian civil servants commences at MussoorieCBIC revises tariff value of edible oils, gold & silverCBIC directs all Customs offices to remain open on Saturday & SundayI-T- Once the citizen deposits the tax upon coming to know of his liability, it cannot be said that he has deliberately or willfully evaded the depositing of tax and interest in terms of Section 234A can be waived: HCHouthis attack continues in Red Sea; US military shoots down 4 dronesCus - No Cess is payable when Basic Customs Duty is found to be Nil: CESTAT
 
Govt promises SEBI's black eye to black money

By TIOL News Service

NEW DELHI, AUG 01, 2015: GOVERNMENT has guidelines or norms in place to prevent entry of black money.

The Securities and Exchange Board of India (SEBI) in collaboration with Prevention of Money-laundering Act, 2002 and Rules has put in place a framework to prevent entry of black money in stock market or share trading. SEBI is going to conduct preliminary inquiries and has come out with interim directions which follows entities/companies acting in concert with those who have misused the stock exchange system.

- Moryo Industries Limited- First Financial Services Limited - Radford Global Limited - Kamalakshi Finance Corporation Limited - Mishka Finance and Trading Limited - Pine Animation Limited - Eco Friendly Food Processing Park Limited; Esteem Bio Organic Food Processing limited; Channel Nine Entertainment Limited and HPC Biosciences Limited.

This was stated by Mr Jayant Sinha, Minister of State in the Ministry of Finance in written reply to a question in Rajya Sabha yesterday.

Also See : TIOL TUBE Videos on Black Money
simply inTAXicating - Black Money Bill
simply inTAXicating - Its Raining Black
simply inTAXicating - Black Money, an Overview
simply inTAXicating - Black Money Compliance window

 


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