CBDT activates seven ITR forms for FY 2018-19 (See 'TOG News') Govt ties up with foreign labs to promote NIFTEM-made products (See 'TOG News') Govt adopts cloud technology to boost e-governance (See 'TOG News') NCLAT grants relief to JP Associates (See 'Corpbrief') Govt directs coal allotment on priority to state DISCOMs (See 'Corpbrief') Govt prioritizes state-run DISCOMs for allotment of coal (See 'TOG News') L&T Construction wins Rs 3,191 cr order for Dhaka Metro Zensar Partners with Pegasystems for Digital Transformation Solutions BSE inks MoU with Brink's India Toyota and Suzuki to start discussion for Technological Development & Vehicle Production A Basic Primer on GDPR and its Relevance to the Indian Context (See 'TOG INSIGHT' in 'Taxongo.com') SEBI Act - Effort in connivance of Noticee alongwith other connected entities to create artificial volume & manipulation of price is violation of PFUTP Regulations and SEBI Act: SEBI (See 'Legal Desk') Competition Act - When sugar mills have liberty to negotiate on higher price for unreserved molasses, boundation to sale reserved molasses at low prices because of limitation on prices of country liquor cannot be said to be anti competitive: CCI (See 'Legal Desk') PNB fraud - ED files chargesheets against Nirav Modi (See 'TOG News') Education is a key to holistic development of an individual: Naidu (See 'TOG News') ED files charge sheet against Nirav Modi GAIL (India) records highest ever annual PAT of Rs 4,618 cr L&T Construction wins order valued Rs. 2112 cr YES Bank empanelled as Settlement Bank by NSE Home Credit India raises Rs 6 Bn till Mar 2018 (See 'Corpbrief') Bring Diesel & Petrol under GST to cut prices: Fadnavis (See 'TOG News') Segregated Nominee Account Structure in International Financial Service Centre (IFSC) (See 'Dashboard') Competition Act - When activities of OP are not such that fall under the definition of enterprise the commission can not decide on issue of dominance of position : CCI (See 'Legal Desk') SEBI Act - Collective effort of Noticee alongwith other connected entities to create artificial volume & manipulation of price is violation of PFUTP Regulations and SEBI Act - SEBI (See 'Legal Desk') Irresponsible Litigation - Rip Van Winkleism Syndrome continues to afflict Union of India!! (See 'Cob(Web)' in 'TIOL') Govt gives nod to restructure Scooters India Ltd (See 'Corpbrief') ABB India & NITI Aayog to collaborate on Artificial Intelligence Govt to launch project for sharing start-up info with Netherlands (See 'Corpbrief') Cabinet gives nod to Indo-Moroccan cooperation in renewable energy (See 'TOG News') India, France to collaborate on R&D in renewable energy (See 'TOG News') Naidu invites ASEAN nations to invest in Northeast (See 'TOG News') India & Angola to collaborate in area of electronics & IT (See 'Corpbrief') Cabinet gives nod to MoU with Denmark for best practices in food safety (See 'Corpbrief') Govt not likely to reverse fuel pricing deregulation: Moody's (See 'TOG News') Patents Act - Contravention of plaintiffs' registered patent by defendant, in manufacturing & selling of Ferric Carboxymaltose for treatment of iron deficiency anaemia, amounts to violation under Patents Act: HC (See 'Legal Desk') Competition Act - When informant fails to prove that price demanded by UPAVP at time of allotment is final price of flat, further enhancement in price doesn't prove abuse of dominance in terms of Section 4: CCI (See 'Legal Desk') Southern states prone to natural disasters: Naidu (See 'TOG News') Rajnath Singh presents gallantry awards to BSF (See 'TOG News') Finmin ties up with 40 entities to extend loans under PMMY (See 'Corpbrief') Delhi HC asks Axis Bank to renew RCom bank guarantees L&T Construction bags orders worth Rs 40.33 bn across domestic markets NSE sues Singapore bourse for offering offshore derivatives despite ban MCA to probe mismanagement charge against Fortis Beware of the consequences of filing of Income-tax return late! (See 'Corp Einsicht') Naidu to lay foundation stone of NIDM's Southern Campus in AP (See 'TOG News') World Health Assembly - India committed to universal health coverage (See 'TOG News') Architects Act - Incorporation of companies or LLPs, rendering architectural services, cannot be prohibited under Architects Act, 1972: HC (See 'Legal Desk') SEBI Act - Synchronized & circular trading done by Noticee with prior arrangement, which created artificial volumes and misleading appearance, is violation under PFUTP Regulations: SEBI (See 'Legal Desk') India to participate in global meet to discuss clean energy (See 'TOG News') Former CECs meet to discuss electoral management (See 'TOG News')

CORP EINSICHT

By Samir Shah and Jason Sanctis

Beware of the consequences of filing of Income-tax return late!

Published: May 22, 2018

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