News Update

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of the officer: HCECI's C-Vigil app a big hit with votersGST - Same relief was claimed in earlier petition which was withdrawn unconditionally - Fresh petition seeking same relief is barred by the estoppel principle: HCIncome tax hands over Rs 1700 Cr tax demand to Congress PartyGST -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
 
Interpol activates global database to nab escapist Nirav Modi

BY TIOL News Service

LYON, JULY 02, 2018: ALTHOUGH several law enforcement agencies have issued Show Cause Notices to Mr Nirav Modi, but the alerts issued by the Enforcement Directorate (ED) appear to be grabbing the attention of international intelligence agencies. As per latest information, the France-headquartered Interpol has finally activates its global database which is available to immigration authorities of all its 192 member countries for arresting the fugitive diamantaire who is a prime accused in the Punjab National Bank scam.

In its Red Corner Notice issued against a fugitive, the Interpol asks its 192 member countries to arrest or detain the person if spotted in their countries after which extradition or deportation proceedings can begin. The Interpol has listed money laundering charges, levelled by Enforcement Directorate (ED), in the notice. Mr Modi along with his wife, brother and uncle, are all accused in the FIRs filed by the Central Bureau of Investigation (CBI) in the case. All of the accused had left the country in the first week of January, weeks before country's biggest banking scam surfaced. Mr Nirav Modi and his uncle Mr Mehul Choksi have refused to return India to join probe citing business and health reasons among others.


The CBI had tried to track the movements of Nirav Modi through a diffusion notice issued through the Interpol on February 15, but it had limited success as only the United Kingdom responded to the CBI request. Mr Nirav Modi managed to travel across several countries even after information about his passport being revoked by the Indian government was flashed in the Interpol central database on February 24, the CBI had earlier stated. The spokesperson for the agency, Mr Abhishek Dayal, stated that the agency had updated the information about the revokation of Mr Nirav Modi's passport by the Ministry of External Affairs. Such information had been made available to the Interpol central database.

Mr Dayal further mentioned that after the diffusion notice was issued by the Interpol on the request of the CBI, the agency followed it up with six countries where Nirav Modi was suspected to have fled. The agency requested these countries to share information about his whereabouts and movements. The agency sent these reminders to the Interpol coordination agency of the United Kingdom on April 25, May 22, May 24 and May 28. Similar reminders were also sent to the agencies of the US, Singapore, Belgium, the UAE and France.


POST YOUR COMMENTS
   

AR not Afar by SK Rahman

TIOL Tube Latest

Shri Shailendra Kumar, Trustee, TIOL Trust, giving welcome speech at TIOL Awards 2023




Shri M C Joshi, Former Chairman, CBDT




Address by Shri Buggana Rajendranath, Hon'ble Finance Minister of Andhra Pradesh at TIOL Awards 2023