Dear Colleague,

I wish to bring to you an important opportunity to sharpen our competence, knowledge and skill in the field of Income Tax. In this pursuit we have been regularly holding six full day workshop in past annually. There is a keen demand from the Chartered Accountants and Tax professionals to have a regular forum to have in-depth study and discussion on latest provisions of Income tax law and Rules and more specifically taking up discussion on practical issues and case studies in a participative mode by all participants.

Accordingly, All India Chartered Accountants Society has decided to launch an “Income Tax Expert Study Group” with following basic features:

The Income Tax Expert Study Group will meet on a monthly basis on a Saturday every month.

2. It is proposed to discuss topic(s) selected in advance for discussion and to discuss specific case studies or issues circulated in advance.

3. We will have many leading experts and well-known GST experts as regular participants, who will act as Guide and Lead the discussion. Please note that this will be a participative forum and not a lecture or a workshop or conference but an opportunity to share knowledge and to learn from discussions.

4. The study group is being formed with CAs and Tax professionals having very keen interest, knowledge and expertise in the field of GST.

5. We will also have certain expert senior GST officials relevant to the topic from the Tax department, on such topics as may be considered as desirable, in the interest of discussion.

6. It will be mandatory for the participants to bring the Act and the Rules and if needed relevant case laws as downloaded by them as relevant to the topic. The convenors will also circulate the relevant case laws at the meeting.

The meetings will be held at India International Centre on a regular monthly interval with tea/coffee as well as Lunch to be served in a soothing environment.

The participation shall be restricted to 35-40 Participants to ensure serious learning. Members are requested to carry their Copy of Act and Rules also.

You are cordially invited for the Meeting of the “Income Tax Expert Study Group” on SATURDAY, the 1sr August, 2026, as per the following Programme:

VENUE:
Lecture Hall 2, India International Centre (Annexee) 40, Max Mueller Marg, New Delhi
DATE:
1st August, 2026 (Saturday)
TIMING:
2:30 PM to 8:30 PM
The meeting will have the following Schedule:
2:30 PM to 3:00 PM
Registration & Arrival Tea / Coffee
3:00 PM to 3:10 PM
Lighting of Lamp, Saraswati Vandana & Introduction to Topic
3:10 PM to 4:20 AM

Session 1

Prevention of Money Laundering Act, 2002 (PMLA)

Coverage

  • Evolution of PMLA, Object and Scheme of the Act
  • Important Definitions:
    • Proceeds of Crime
    • Scheduled Offence
    • Money Laundering
    • Property
    • Beneficial Owner, etc.
  • Ingredients of Section 3
  • Punishment under Section 4
  • Scheduled Offences
  • Important Supreme Court and High Court Judgments

Search, Survey, Seizure & Arrest under PMLA

  • Powers of ED
  • Search of premises
  • Search of person
  • Freezing of property
  • Retention of records
  • Arrest provisions
  • Rights of the accused
  • Statements recorded under Section 50
  • Evidentiary value

Discussion

  • Whether statements can be retracted
  • Cross-examination
  • Constitutional safeguards
  • Landmark Judgments

Attachment and Confiscation of Property

  • Provisional attachment
  • Confirmation by Adjudicating Authority
  • Burden of proof
  • Bona fide purchaser
  • Rights of third parties
  • Trial before Special Court
  • Confiscation

Adv. (CA.) Ajay Wadhwa
President - Delhi ITAT Bar Association

4:20 PM to 5:00 PM
Session 2: Benami Transactions (Prohibition) Act, 1988

Coverage

  • Evolution of 1988 Act
  • 2016 Amendment
  • Present position of Law

Definitions

  • Benami Property
  • Benamidar
  • Beneficial Owner
  • Fiduciary Capacity

Authorities

  • Initiating Officer
  • Approving Authority
  • Adjudicating Authority
  • Appellate Tribunal

Attachment Proceedings

  • Confiscation
  • Penalty
  • Prosecution
  • Important Supreme Court judgment including Union of India v. Ganpati Dealcom Pvt. Ltd. (2022)

Adv. (CA.) Ajay Wadhwa
President - Delhi ITAT Bar Association

5:00 PM to 5:30 PM
Session 3: Interface of Income-tax, GST, PMLA and Benami Law
  • Bogus purchases
  • Accommodation entries
  • Shell companies
  • GST fake invoices
  • Hawala transactions
  • Cash deposits
  • Search assessments
  • Black money cases
  • Whether every addition attracts PMLA?
  • Recent judicial developments

Practical Litigation Tips

  • Reply to ED Notice
  • Objections to Attachment
  • Appeal before Appellate Tribunal
  • Bail under PMLA
  • Writ before High Court

Adv. (CA.) Ajay Wadhwa
President - Delhi ITAT Bar Association

5:30 PM to 6:00 PM
Networking Tea / Coffee with Snacks
6:00 PM to 8:00 PM
Session 4: Case studies and discussion
  • Whether tax evasion amounts to money laundering?
  • Whether addition under Section 69A automatically results in PMLA?
  • Can ED investigate before completion of assessment?
  • Whether acquittal in the predicate offence ends PMLA proceedings?
  • Can agricultural income be treated as proceeds of crime?
  • Whether Benami proceedings and Income-tax proceedings can run simultaneously?
  • Rights, liabilities, and responsibilities of legal heirs.
  • What if cash is found during a search?
  • What if excessive jewellery is found in a locker?
  • What if a person is involved in accommodation entries?
  • Position of beneficiaries when dummy directors are found.
  • Whether fake GST invoices result in PMLA proceedings? If yes, whether one party or both parties will be held responsible.

Adv. Ratnesh Awasthi
CA (Dr) Raj Chawla

CA (Dr) Raj Chawla
CA (Dr) Raj Chawla

8:00 PM to 8:30 PM
Questions & Answers

Vote of Thanks & National Anthem

Brief Concept of Good and Service Tax Expert Group: The Expert Income Tax Advisory Group has been constituted to provide a forum for in-depth study of provisions of Income Tax Act and Rules and all related case laws by Tax professionals with intent to enhance knowledge and expertise. It is expected that several leading tax experts will regularly participate in the deliberations. The meeting will take place in a completely participative mode. After the subject is introduced by one person, the entire group is expected to actively participate in the discussion on the topic/case study and related legal aspects to enable bringing out all issues.

The discussion will also focus on an on-going basis as to how to present your case especially in view of mandatory e assessment; the communication expertise with substance will become more important. Now Face value will be replaced by presentation value with a mix of clarity and strategy.

Law and case laws: It is important that all participants come with advance study of the relevant law and regulations in addition to the case laws based on their own study as well as identified issues relating thereto. The original Income Tax Act Hard copy and soft copy of relevant case laws should be brought to enable in depth analysis. The facility of soft sharing with all participants will be there at the meeting.

You are cordially invited to attend this meeting of the Expert Income Tax Study group and be a regular part of this important initiative.

We would like to request you to please join the meeting. You may also bring a cheque favouring All India Chartered Accountants Society as per subscription details below.

Thanking You,

Yours Sincerely

For All India Chartered Accountants Society


List of members invited to join as Experts in different meetings:

You may also please join as a regular member at the earliest by sending a Cheque in favour of “All India Chartered Accountants Society

The Membership fees for the above are as under:-

Register Now

Cost incl. GST Meeting 19 (Single Meeting)
AICAS Members 790/-
Chartered Accountants 890/-
Others 990/-

FOR “ONLINE PAYMENT / DIRECT DEPOSIT CHEQUE”

NAME: ALL INDIA CHARTERED ACCOUNTANTS SOCIETY

BANK: CANARA BANK, NEHRU PLACE BRANCH
A/C NUMBER: 0390101082618
IFSC CODE: CNRB0000390

For other queries and registration kindly reach us on support@caworld.org or call us on 9711310004.

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