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Penalty

SEBI
Case BriefsTribunals/Commissions/Regulatory Bodies

SEBI fines Rs. 7 crores on NSE and nearly 35 crores on guilty officials and stockbrokers in Dark Fibre Case

Securities Exchange Board of India (SEBI): Dark Fibre/Leased Line connectivity allowed to certain Stock Brokers, the Adjudicating Officer In the matter relating

Published on July 2, 2022July 2, 2022By Editor_4
Leave a comment2059 views
Legislation UpdatesRules & Regulations

MCA introduces maximum penalty upto Rs. 5000 in case non-compliance of NFRA Rules, 2018 vide NFRA Amendment Rules, 2022

The Central Government notifies National Financial Reporting Authority Amendment Rules, 2022 to amend the National Financial Reporting Authority Rules, 2018. The Amendment

Published on June 20, 2022June 20, 2022By Bhumika Indulia
Leave a comment1890 views
NCLAT
Case BriefsTribunals/Commissions/Regulatory Bodies

Major setback to Amazon as NCLAT upholds CCI’s decision to impose Rs. 200 crore penalty vis-a-vis the Amazon-Future Deal

National Company Law Appellate Tribunal (NCLAT): While deciding the instant appeal filed by Amazon.com NV Investment Holdings LLC challenging the order passed

Published on June 14, 2022June 17, 2022By Editor_4
Leave a comment4380 views
Customs, Excise and Services Tax Appellate Tribunal
Case BriefsTribunals/Commissions/Regulatory Bodies

CESTAT | Cenvat Credit is allowed on Insurance services; Tribunal sets aside penalty and interest

Customs, Excise and Services Tax Appellate Tribunal (CESTAT): Ramesh Nair (Judicial Member) partly allowed an appeal which raised the question as to

Published on May 26, 2022May 26, 2022By Editor_4
Leave a comment1911 views
Case BriefsTribunals/Commissions/Regulatory Bodies

Can mere rejection of the claim by Assessing Officer, make assessee liable for penalty? ITAT explains

Income Tax Appellate Tribunal, Delhi (ITAT): Addressing the issue, of whether mere rejection of the claim by an Assessing Officer would ipso

Published on May 11, 2022June 3, 2022By Bhumika Indulia
Leave a comment2413 views
Case BriefsTribunals/Commissions/Regulatory Bodies

7 entities indulged in anti-competitive agreement for supply of signages for branches/offices/ATMs of SBI: E-mails exchanged between parties formed basis for manipulation of bidding process | Detailed decision of CCI

Competition Commission of India (CCI): Noting that in respect of cases concerning cartels that are hidden or secret, there is little or

Published on March 9, 2022March 25, 2022By Bhumika Indulia
Leave a comment3064 views
Case BriefsHigh Courts

Cal HC │ No intention of any evasion of tax; Court directs refund of penalty and tax paid on protest

Calcutta High Court: Md. Nizamuddin, J. decided on a petition which was filed challenging the impugned order of the appellate commissioner confirming

Published on March 7, 2022March 7, 2022By Editor_4
Leave a comment3215 views
Case BriefsTribunals/Commissions/Regulatory Bodies

If a case was filed under IBC, can penalty be imposed under Companies Act? NCLAT addresses

National Company Law Appellate Tribunal, New Delhi (NCLAT): The Coram of Justice Ashok Bhushan (Chairperson) and Dr Alok Srivastava (Technical Member) held

Published on February 22, 2022February 22, 2022By Bhumika Indulia
Leave a comment3296 views
Customs, Excise and Services Tax Appellate Tribunal
Case BriefsTribunals/Commissions/Regulatory Bodies

CESTAT | Unless 7.5% of the penalty is deposited when the penalty is in dispute, the appeal cannot be entertained by the Tribunal

Customs, Excise and Services Tax Appellate Tribunal (CESTAT): The Coram of Sulekha Beevi, C.S. (Judicial Member) and P. Anjani Kumar (Technical Member)

Published on February 9, 2022February 18, 2022By Editor_4
Leave a comment2689 views
Case BriefsTribunals/Commissions/Regulatory Bodies

Why did CCI suspend the Amazon-Future deal? Detailed analysis of CCI order imposing Rs 202 crores penalty on Amazon

Competition Commission of India (CCI): Coram of Ashok Kumar Gupta (Chairperson) and Sangeeta Verma and Bhagwant Singh Bishnoi (Members) in view of

Published on January 11, 2022January 21, 2022By Bhumika Indulia
Leave a comment3888 views
Case BriefsTribunals/Commissions/Regulatory Bodies

CESTAT | Whether the supplementary invoices relate to the date of original clearance or the date on which the supplementary invoice was raised? Tribunal answers

Customs, Excise and Services Tax Appellate Tribunal (CESTAT): The Coram of Dilip Gupta (President) and P.V. Subba Rao (Technical Member) partly allowed

Published on November 4, 2021December 17, 2021By Editor_4
1 Comment2442 views
Hot Off The PressNews

CCI | Breweries brewing bilious buzz busted-United Breweries, Carlsberg, SABMiller involved in Cartelisation suffers a 750 Crore penalty

Competition Commission of India (CCI): In its recent press release, Competition Commission of India, while giving benefit of reduction in penalty under

Published on September 27, 2021September 27, 2021By Editor_4
Leave a comment17018 views
Case BriefsTribunals/Commissions/Regulatory Bodies

Know why Maruti Suzuki was imposed with a Rs 200 crore penalty | Guilty of what? CCI decodes

Competition Commission of India (CCI): Noting that Maruti Suzuki India Limited used to impose penalties on its dealers for the reason of

Published on September 23, 2021September 23, 2021By Bhumika Indulia
2 Comments6692 views
Case BriefsTribunals/Commissions/Regulatory Bodies

CESTAT | What is the role of will/intention in evasion of payment of duty? Tribunal explains

Customs, Excise and Services Tax Appellate Tribunal (CESTAT): Rachna Gupta (Judicial Member) allowed an appeal in relation to evasion of payment of

Published on September 14, 2021September 14, 2021By Editor_4
Leave a comment2100 views
Case BriefsSupreme Court

SC issues directions to make voter’s right to information more effective; penalises political parties for non-compliance with earlier directions regarding disclosure of criminal antecedents: Read full report

“The nation continues to wait, and is losing patience. Cleansing the polluted stream of politics is obviously not one of the immediate

Published on August 13, 2021August 20, 2021By Editor_4
Leave a comment5336 views
Case BriefsTribunals/Commissions/Regulatory Bodies

CESTAT | Does Rule 4(5)(a) of Cenvat Credit Rules, 2002 cover the return of waste and scraps and is it subject to Central Excise duty? Tribunal answers

Customs, Excise and Services Tax Appellate Tribunal (CESTAT): Rachna Gupta (Judicial Member) allowed an appeal which was filed aggrieved by the order-in-original

Published on August 5, 2021September 17, 2021By Editor_4
Leave a comment2424 views
Case BriefsTribunals/Commissions/Regulatory Bodies

SEBI | A potential ‘No’ turned into a definite ‘Yes’| Yes Bank camouflaged risk with devious safeguards to lure investments in AT1 bonds| Attracted a Rs 25 crore penalty

Securities and Exchange Board of India (SEBI): Soma Majumder, Adjudicating Officer, imposed a 25 crore penalty on Yes Bank Ltd. (YBL), and

Published on April 16, 2021April 16, 2021By Editor_4
Leave a comment2126 views
Case BriefsTribunals/Commissions/Regulatory Bodies

CESTAT | No intention to evade duty, penalty set aside; Tribunal partly allows appeal

Customs, Excise and Services Tax Appellate Tribunal (CESTAT): Ramesh Nair (Judicial Member) partly allowed an appeal where the issue was whether the

Published on April 1, 2021April 23, 2021By Editor_4
Leave a comment2302 views
Case BriefsHigh Courts

Pat HC | To attract penalty for being a member of an unlawful association, the association must be one declared unlawful by a notification under UAP Act, 1967; HC declares seizure exercise illegal and arbitrary

Patna High Court: Birendra Kumar, J., heard the instant revision application challenging the validity of ex-post facto approval of search and seizure

Published on March 26, 2021March 26, 2021By Editor_4
Leave a comment3186 views
Case BriefsTribunals/Commissions/Regulatory Bodies

SAT | Separate penalties by the stock exchanges can be imposed | While positing, rejects appeal

Securities Appellate Tribunal (SAT): A Coram of Tarun Agarwala, J., (Presiding Officer) and M.T. Joshi, J., (Judicial Member) while dismissing an appeal

Published on March 22, 2021April 23, 2021By Editor_4
Leave a comment3000 views

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