Tag: KPMG

Gujarat HC castigates tax officials for ‘overreach’ and abuse of authority.

Source – thehindubusinessline.com Gujarat High Court has directed that strict action should be taken against Goods & Services (GST) officers who stay at assessee’s premises during a search without authority of law. The Court was hearing a petition in which complainant had said that officials had stayed at his premise while conducting searches. According to

Indian court allows reopening of IL&FS books

Source:- asiatimes.com In a boost for investigators probing the wrongdoings of India’s leading infrastructure lender Infrastructure Leasing & Financial Services, the Supreme Court has allowed reopening of its accounts for the last five years. The Serious Fraud Investigation Office (SFIO) is currently investigating the case related to defaults by IL&FS and 169 subsidiaries on its