NCLAT: Cannot Modify Information Memorandum on Basis of Which RP is Submitted & Approved  ||  NCLAT: Can’t Treat Share Application Money Deposited With Corporate Debtor as Financial Debt  ||  NCLAT: Can’t Reject Petition u/s 9 of IBC on Grounds of False Claim of Pre-Existing Dispute  ||  Cal HC: Invalid DL on Date of Accident Constitutes Violation of T&C of Insurance Policy  ||  SC: Courts to Ensure Distant Relatives are Not Unnecessarily Impleded in Cases of Domestic Cruelty  ||  SC: Not Laid Down that Case for Bail Can be Considered Only after Convict Undergoes Half Sentence  ||  SC: Not Necessary for Bribery Amount to be Substantial for Drawing Presumption u/s 20 of P&C Act  ||  SC: Promotion Becomes Effective Upon Assumption of Duties on Promotional Post  ||  Kar. HC: Accused Can’t Seek Bail on Completing 1/3rd Sentence if Booked in Multiple Cases  ||  SC: Concerning that Criminal Law is Being Used Against Men Once Consensual Relationship Ends    

Search Results for Tag : Penalty

International Cases

Stand aside Dunlop there’s a new penalty sheriff in town(04.11.2015)

The United Kingdom Supreme Court passed rulings that are likely to send at least a few flutters of joy amongst the contract-writing community. Determi.....

Tags : Penalty clause, unfair, united kingdom, test



Notifications & Circulars

CCI issues important order under Lesser Penalty Provisions in the cartel case by leading Indian Zinc-Carbon Dry Cell Battery Manufacturers(19.04.2018)

The Competition Commission of India ('CCI') passed Final Order imposing penalty on three leading Indian Zinc-Carbon Dry Cell Battery manufacturers-Eve.....

Tags : Order, Issuance, Penalty Provisions



CCI passes order under Lesser Penalty Provisions against broadcasting service providers for rigging bids in tenders by Sports Broadcasters(11.07.2018)

This case was taken up by Competition Commission of India ('CCI') suo motu under Section 19 of the Competition Act, 2002 ('the Act') based on the disc.....

Tags : Penalty Provisions, Broadcasting, Service providers, Rigging bids



AOs to not issue penalty notices under Sections 271D,E of IT Act(26.04.2016)

The Central Board of Direct Taxes set forth a “Departmental View” to assuage conflicting notions on the limitation for imposition of penalty under Sec.....

Tags : income tax, penalty notice, limitation



News

CBIC Waives Penalty for Non-Compliance to QR Code Provisions(01.12.2020)

Central Board of Indirect Taxes and Customs (CBIC) notified the waiver of penalty for noncompliance to QR code provisions if complied by April 01, 202.....

Tags : Central Board of Indirect Txes and Customs, Penalty for Non-Compliance to QR Code Provisions



CBIC Waives Penalty for Non-Compliance to QR Code Provisions(01.12.2020)

Central Board of Indirect Taxes and Customs (CBIC) notified the waiver of penalty for noncompliance to QR code provisions if complied by April 01, 202.....

Tags : Central Board of Indirect Txes and Customs, Penalty for Non-Compliance to QR Code Provisions



Madras High Court Suggests Death Penalty for Corruption(04.11.2020)

Madras High Court has opined that the Central Government should consider imposing death penalty as a punishment for corrupt practices, as done in fore.....

Tags : Madras High Court, Death Penalty for Corruption



Bombay HC Dismisses Plea Challenging Penalty Provision of Pan Masala Rules as Ultra Vires(09.12.2020)

Bombay High Court has dismissed the plea challenging Rule 17(2) of the Pan Masala Packing Machines (Capacity, Determination and Collection of Duty) Ru.....

Tags : Bombay High Court, Penalty Provision of Pan Masala Rules



CESTAT: No Penalty Can be Imposed on Partners if Penalty Imposed on Partnership Firm(23.01.2020)

Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Ahmedabad has held that when a penalty is imposed on a partnership firm, a penalty canno.....

Tags : Customs Excise and Service Tax Appellate Tribunal, Penalty on Partners



CRIMINAL - SC Commutes Death Penalty to Man, Says His Poems Show He is Reformative(05.03.2019)

Supreme Court has commuted to life term the death penalty awarded to a man for murdering a child, saying he wanted to reform himself and poems written.....

Tags : Supreme Court, Death Penalty to Man



SEBI Penalises NDTV Over Non-disclosure of Loan Terms(30.12.2020)

Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs. 5 Crores on New Delhi Television Ltd (NDTV) for not disclosing information .....

Tags : Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs. 5 Crores on New Delhi Television Ltd (NDTV) for not disclosing information on loan agreements with Vishvapradhan Commercial (VCPL) to public shareholders.



Central Board of Direct Taxes Introduces Faceless Penalty Scheme 2021(14.01.2021)

Central Board of Direct Taxes (CBDT) has introduced the Faceless Penalty Scheme 2021 which will digitise issuing of penalties on assessees under the f.....

Tags : Central Board of Direct Taxes, Faceless Penalty Scheme 2021



ITAT, Ahmedabad Imposes Penalty on Assessee for Delay in Filing Appeal and Non-Appearance(18.02.2020)

Income Tax Appellate Tribunal (ITAT), Ahmedabad has imposed a penalty of Rs. 5000 on an Assessee on the grounds of a delay of 358 days in filing an ap.....

Tags : Income Tax Appellate Tribunal, Penalty on Assessee for Delay in Filing Appeal



Penalty Proceedings can’t be Initiated Without a Specific Charge: ITAT(19.04.2019)

Income Tax Appellate Tribunal (ITAT), Indore bench has ruled that no penalty proceedings can be initiated on a suspected defaulter assessee without sp.....

Tags : ITAT, Penalty Proceedings, Specific Charge



Calcutta HC Quashes Order Imposing Penalty for Expiry of E-Way Bill as No Intention to Evade Tax(02.03.2022)

Calcutta High Court has quashed the order imposing penalty for expiry of e-way bill as there was no intention to evade tax. The Court has set aside th.....

Tags : Calcutta High Court, Penalty for Expiry of E-Way Bill



Cal HC: Penalty Amount on Higher Value than Invoice Value Can’t be Computed by GST Dep. w/o Evidence(29.04.2024)

Calcutta High Court has held that penalty amount on higher value than invoice value cannot be computed by Goods and Service Tax department without pro.....

Tags : Calcutta High Court, Penalty Amount, Higher Value, Invoice Value



CESTAT, New Delhi Upholds Penalty Against Sales Managers for Evading Customs Duty(26.02.2020)

Customs Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi has upheld the order of the Commissioner of Inland Container Depot, wherein pena.....

Tags : Customs Excise and Service Tax Appellate Tribunal, Penalty Against Sales Managers



ITAT, Bangalore Deletes Penalty on TDS Default by SBI on LTC Payments(02.03.2020)

Income Tax Appellate Tribunal (ITAT), Bangalore has deleted the penalty proceedings initiated by the tax department against the State bank of India ( .....

Tags : Income Tax Appellate Tribunal, Penalty on TDS Default by SBI



Del. HC: ITSC Can Only Grant Immunity from Penalty & Prosecution in Case of Full & True Disclosure(15.04.2024)

Delhi High Court has held that the power to grant immunity from penalty and prosecution is entrusted to the Income Tax Settlement Commission (ITSC) on.....

Tags : Delhi High Court, Income Tax Settlement Commission, Penalty & Prosecution, True Disclosure



Del HC: Invoking Penalty Proc. Based on NFAC’s Own Failure to Lodge Claim Can’t be Sustained by them(19.04.2024)

Delhi High Court has held that invocation of penalty proceedings that are based on the National Faceless Assessment Centre’s (NFAC) own failure to lod.....

Tags : Delhi High Court, Penalty Proceedings, NFAC, Insolvency and Bankruptcy Code



ITAT, Jaipur: Defect in Notice would invalidate Penalty Proceedings(26.06.2019)

Income Tax Appellate Tribunal (ITAT), Jaipur Bench has held that the defect in the notice issued by the income tax department would nullify the entire.....

Tags : Income Tax Appellate Tribunal, Invalidation of penalty proceedings



CESTAT, Delhi: Levy of Penalty on Proprietor and Firm Would Amount to Double Jeopardy(08.06.2021)

Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi has held that the levy of penalty on the sole proprietor of a firm along with the c.....

Tags : Customs, Excise and Service Tax Appellate Tribunal, Levy of Penalty on Proprietor and Firm



Del. HC: Information Seeker has No Locus Standi in Penalty Proceedings Under Section 20 of RTI Act(24.07.2024)

Del. HC has observed that formation of opinion under Section 20(2) of the RTI Act is in the exercise of supervisory powers of CIC and not in exercise .....

Tags : Delhi High Court, Information Seeker, Penalty Proceedings



Del. HC: Revenue Needs to Spell Out Clear Ground for Initiating Penalty Proceedings(26.11.2024)

Del. HC has stated that ‘Concealment of income’ & ‘furnishing of inaccurate particulars’ of income u/s 271(1) (c) of IT Act carry different meanings. .....

Tags : Delhi High Court, Penalty Proceedings, Concealment of Income



SC: 'Ten Times Penalty' Prescribed for Deficit Stamp Duty Cannot be Mechanically Imposed(18.09.2020)

Supreme Court has observed that the penalty of ten times prescribed under Section 40(1) (b) of the Indian Stamp Act, 1899 cannot be mechanically impos.....

Tags : Supreme Court, Penalty under Indian Stamp Act, 1899



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