shell company Current Affairs, GK & News

Power of Tax Officials to Arrest

The promoters of some companies were arrested by the Tax officials on the allegation that the shell companies were inflating the turnovers to claim the input tax credit. Many of the promoters approached various high courts and got anticipatory bails. The tax experts questioned the power of tax officials to arrest saying it converts enquiries ..

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EC asks Political Parties to Comply with SC s order on Electoral Bonds

In an interim order given by the Supreme Court (SC) in response to petitions filed by the NGO Association for Democratic Reforms (ADR) challenging the electoral bond scheme, the political parties were asked to furnish the details of receipt through Electoral Bonds to the Election Commission (EC). Interim Order of the Supreme Court? Political parties ..

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