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Penalty

Customs, Excise and Services Tax Appellate Tribunal
Case BriefsTribunals/Commissions/Regulatory Bodies

CESTAT sets aside penalty on Umed Bhawan Palace for delay in service tax; Situation found revenue neutral

Customs, Excise and Services Tax Appellate Tribunal (CESTAT): Anil Choudhary (Judicial Member) allowed an appeal which was filed involving the question of

Published on August 5, 2022May 19, 2025By Editor
Leave a comment2882 views
Bombay High Court
Case BriefsHigh Courts

Bombay High Court | Independent Non-Executive Director not liable for acts of company when not involved in day-to-day business

Bombay High Court: The Division Bench of K.R. Shriram and Milind N. Jadhav, JJ. took cognizance of a petition which was filed

Published on July 20, 2022July 22, 2022By Editor
1 Comment5695 views
Legislation UpdatesNotifications

RBI imposes penalty of more than Rs. 1 crore on Ola Financial Services Private Ltd. for non-compliance with Master Direction on Prepaid Payment Instruments, 2021 and Know Your Customer, 2016

On 12-07-2022, the Reserve Bank of India (‘RBI’) imposed a penalty of Rs 1 crore and 67.80 lakh on Ola Financial Services

Published on July 14, 2022July 14, 2022By Editor
Leave a comment2776 views
Customs, Excise and Services Tax Appellate Tribunal
Case BriefsTribunals/Commissions/Regulatory Bodies

Whether ocean freight charges can be collected, subject to levy of Service Tax? CESTAT answers

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

Published on July 14, 2022May 15, 2025By Editor
Leave a comment3933 views
Legislation UpdatesNotifications

RBI imposes Rs.1.5 crore penalty on Kotak Mahindra Bank Ltd for deficiency in regulatory compliance

The Reserve Bank of India (‘RBI’) has imposed a penalty of Rs. 1.5 crore on Kotak Mahindra Bank Ltd.(‘Kotak’) for contravening the

Published on July 6, 2022July 6, 2022By Editor
Leave a comment3664 views
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
Leave a comment3389 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 comment2791 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
Leave a comment6121 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
Leave a comment2849 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 comment3496 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 comment4108 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
Leave a comment4603 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 comment4405 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
Leave a comment3941 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 comment5445 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
1 Comment3423 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
Leave a comment17803 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 Comments8778 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
Leave a comment3195 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
Leave a comment7474 views

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