Search Results for Tag : penalty
Judgments
Chemists and druggists associations practice of mandating NOC requirement prior to the appointment of stockists held anti-competitive(28.07.2016)
Instant information was filed for alleged contravention by Opposite Parties in denying supply of drugs to Informant for want of a No Objection Certifi.....
Tags : Anti-competitive practice, Provisions, Violations, Penalty
If there is calculated effort to undermine judiciary, Courts will exercise jurisdiction to punish offender for contempt(21.10.2016)
Appellants were found guilty of committing contempt by High Court of Rajasthan. Simple imprisonment of two months and fine was imposed. Aggrieved by s.....
Tags : Derogatory statements, Contempt, Penalty
Inquiry proceedings can be closed, once an employee unconditionally admitted the charges and that admission not recorded under any duress, force or pressure(21.10.2016)
By present petition, Petitioner challenged suspension order dated 7 June 2011, order dated 14 February 2013 imposing penalty of dismissal as confirmed.....
Tags : Charges, Dismissal, Penalty
Maintenance of regular savings bank account and availing services provided by Bank covered under definition of consumer(11.11.2016)
Issue in present case is relating to deficiency in service on part of Bank in denying payment of cheque and resultantly, financial loss had been cause.....
Tags : Penalty, Cheque, Payment
A concluded agreement is not contemplated to be the starting point of offer period(02.12.2016)
Challenge in present appeal is to an order of Securities Appellate Tribunal, reversing order of Adjudicating Officer holding Respondents guilty of con.....
Tags : Contravention, Penalty, Reversal of order
Penalty not imposable in absence of determination of duty(04.11.2016)
Appellant is a dealer for dealing in plastic granules and also as have manufacturing unit for manufacturing PP bags. During course of audit, it was no.....
Tags : Penalty, Levy, Validity
Courts cannot usurp function of disciplinary authority, decision qua nature and quantum prerogative of disciplinary authority(09.12.2016)
A departmental inquiry was conducted against Respondent No.1, an employee of Appellant, into certain charges of misconduct. In said inquiry, charges w.....
Tags : Penalty, Alteration, Jurisdiction
Notifications & Circulars
CCI imposes penalties on cement companies for bid-rigging(19.01.2017)
The Competition Commission of India ('CCI') has imposed penalties on 7 cement companies for bid rigging of a tender floated by the Director, Supplies .....
Tags : Penalty, Levy, Cement companies
Enhancement of value based upon weekly average price is held as bad in law(18.04.2017)
In facts of present case, Appellant filed Bill of Entry for import of rough marble blocks imported from Turkey along with other relevant documents. A.....
Tags : Valuation, Confiscation, Penalty
Transaction value has to be admitted as assessable value unless proved to be incorrect(07.04.2017)
Appellant imported various automobile parts under cover of Bill of Entry on declared value. Such goods were cleared from Customs after paying customs .....
Tags : Goods, Valuation, Confiscation, Penalty
Correct value of clearances intended to nil rate of duty should include value of clearances of one arm factory belonging to same manufacturer(21.06.2017)
Present appeals have been filed against order in original passed by Commissioner of Central Excise. Central Excise officers carried out such operation.....
Tags : Demand, Penalty, Validity
Assessee is eligible for benefit under Section 80 of Finance Act, 1994, where service tax along with interest is paid before issue of show-cause notice(07.06.2017)
Present appeal has been filed by Revenue against impugned order passed by Commissioner whereby Commissioner has dropped penalty under Section 76, 77 a.....
Tags : Penalty, Dropping of, Validity
Capital goods removed from factory should be received back within 180 days and if not received, Appellant is required to reverse the credit availed on such capital goods(29.06.2017)
In facts of present case are that, Appellants had availed CENVAT credit on capital goods and transferred same to their sister unit adjacent to their f.....
Tags : Demand, Penalty, Validity
Top Story
Competition Commission of India (CCI) imposed penalty on Google for "Search Bias"(08.02.2018)
Competition Commission of India fines Google for abusing dominant position amounting to Rs. 136-crore for "search bias". CCI’s order came in wake of i.....
Tags : Dominant position, Abuse, Penalty
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
Misappropriation of customers' money by a bank officer is a serious misconduct and does not warrant lenient view(01.06.2018)
In facts of present case, the Respondent was given compassionate appointment by the Appellant-Bank on the post of Clerk because his father died in har.....
Tags : Misappropriation, Penalty, Validity
Confessional statements solely in absence of any cogent evidences cannot make foundation for levying excise duty on ground of evasion of tax(31.07.2018)
The brief facts of the case are that, the Appellant were engaged in the manufacture of Pan Masala and Pan Masala containing tobacco (Gutkha). Appellan.....
Tags : Demand, Penalty, Legality
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
Clandestine removal allegations cannot be upheld on basis of sole statement of one of employees, unless same are corroborated by other independent evidences(24.08.2018)
The Appellant's factory is engaged in the manufacture of Aluminium Profiles (hollow) of various sizes and specifications, was visited by the Central E.....
Tags : Demand, Penalty, Legality
Competition Commission of India imposes penalty upon Esaote S.p.A and Esaote Asia Pacific Diagnostic Pvt. Ltd. for abusing dominant position(27.09.2018)
The Competition Commission of India (CCI) has imposed a penalty of Rs. 9.33 lac upon Esaote S.p.A and Esaote Asia Pacific Diagnostic Pvt. Ltd. ('Esaot.....
Tags : Penalty, Imposition, Dominant position
If the Assessee pays tax with interest, no notice shall be served(20.09.2018)
The Appellants are engaged in providing services under the category of "mining of mineral service". The Joint Commissioner of Service Tax issued a sho.....
Tags : SCN, Penalty, Imposition
CENVAT credit can be availed on the basis of debit notes(14.12.2018)
In instant matter, the Appellant herein is a Public Sector Undertaking engaged in manufacture of various petroleum products and have been availing the.....
Tags : Demand, Penalty, Confirmation
Court can substitute penalty imposed on employees, keeping in view the long period of time which had elapsed from date of imposition of penalty(20.09.2018)
The present intra Court appeal impugns the order passed by the learned Single Judge whereby while allowing the writ petition filed by the Respondent, .....
Tags : Penalty, Removal, Modification
An apology for criminal contempt of Court must be offered at the earliest, since a belated apology hardly shows the "contrition which is essence of purging of contempt"(24.08.2018)
Present Court after noticing that, the Respondent had made certain scurrilous and indecent attacks against the Judicial Magistrate initiated suo motu .....
Tags : Notice, Contempt, Penalty
CCI imposes penalties upon Sugar Mills and their Associations for rigging the bids in respect of Joint Tender floated by Oil Marketing Companies for procurement of Ethanol for blending with Petrol(18.09.2018)
The Competition Commission of India (CCI) has imposed penalties upon 18 sugar mills and 2 Associations (Indian Sugar Mills Association and Ethanol Man.....
Tags : Penalty, Imposition, Bid rigging
Competition Commission of India imposes Penalty on Chemists and Druggists Association of Baroda(16.01.2019)
The Competition Commission of India ('Commission') has found the Chemists and Druggists Association of Baroda ('CDAB') to be in contravention of the p.....
Tags : Restrictive trade practices, Penalty, Imposition
Departmental proceedings could continue even after date of superannuation(07.12.2018)
The Petitioner has filed the present petition under Article 226 of the Constitution of India challenging the legality of the order passed by Director,.....
Tags : Penalty, Imposition, Validity
Competition Commission of India decides the Third Lesser Penalty case in respect of cartelisation in Indian Zinc-Carbon Dry Cell Batteries Market(17.01.2019)
The Competition Commission of India ('CCI') passed a Final Order imposing penalty on Panasonic Energy India Co. Limited ('Panasonic') and Godrej and B.....
Tags : Penalty, Cartelisation, Dry cell batteries
Penalty can only be invoked, when there is failure to furnish return in prescribed form and not that return has been incorrectly filed(25.01.2019)
In instant case, order passed by the Commissioner of CGST & CE, (Appeals), setting aside the penalty imposed by the adjudicating authority on the Resp.....
Tags : Penalty, Deletion, Validity
Simultaneous penalties under Section 76 as well as 78 of Finance Act cannot be imposed(26.02.2019)
The Respondents are engaged in providing advertising services by displaying the advertisement of their clients on bus back panels, bus shelters etc., .....
Tags : Demand, Penalty, Levy
Lack of due diligence and failure to take more precautions cannot by itself bring in penal consequences for imposition of penalty, a positive act or omission is to be established(07.05.2019)
Present Appeal has been filed from the order passed by the Commissioner of Customs (Appeals) by which the Commissioner (Appeals) disposed of the Appea.....
Tags : Penalty, Imposition, Legality
RBI imposes monetary penalty on five Prepaid Payment Instrument (PPI) Issuers(03.05.2019)
The Reserve Bank of India has imposed monetary penalty on five PPI Issuers for non-compliance of regulatory guidelines in exercise of its powers under.....
Tags : Penalty, Levy, PPI issuers
Transaction value has to be accepted as correct assessable value and same cannot be enhanced on basis of NIDB data(19.06.2019)
As per facts on record, the Appellant is manufacturer of 'Aluminum Ingots and for the said purpose, they imported aluminium dross under the cover of t.....
Tags : Demand, Penalty, Legality
Unless it is proved that, person to be penalized has intentionally implicated himself in use of false and incorrect materials, there can be no justification for penalty(25.07.2019)
The only issue involved in the present appeal by the Assessee is the levy of penalty under Section 114AA of the Customs Act, 1962. The Appellant prefe.....
Tags : Penalty, Imposition, Validity
Duty demand consequent to denial of credit cannot be raised from an Input Service Distributor(02.01.2020)
The facts of the case in brief are that, the Appellant is engaged in the business of manufacture of coal tar products at various manufacturing units. .....
Tags : Demand, Penalty, Legality
Once goods were certified to be warehoused by consignee, consigner cannot be held responsible for contravention of law(12.09.2019)
The brief facts of the case are that, the Appellants are engaged in the manufacture of Polyester Knitted Fabrics from Polyester Yarn. They are clearin.....
Tags : Demand, Penalty, Confirmation
Any change in law is to be applied prospectively only and cannot be applied retrospectively to detriment of Appellants(20.12.2019)
In facts of present case, Department has conducted stock taking of the unit of the Appellants, Eastern Silk Industries, an EOU unit. The Department al.....
Tags : Demand, Penalty, Legality
If Assessee has reasonable cause for non-filing of Income Tax Return, penalty is unsustainable(10.08.2020)
Present two appeals arise out of the orders passed by CIT(A), confirming penalty imposed under Section 271F of the Income-tax Act, 1961 ( IT Act) in r.....
Tags : Penalty, Imposition, Legality
Motor Vehicles not complying with the requirement of possessing or displaying a valid PUC Certificate cannot be debarred from being supplied fuel(28.08.2020)
Present appeals filed by the State of Madhya Pradesh, are against an order passed by the National Green Tribunal, allowing Original Application filed .....
Tags : PUC Certificate, Compliance, Penalty
Penalty cannot be imposed in absence of clarity on whether there is concealment of income(15.10.2020)
In present appeals, the grievance of the revenue is that the learned CIT(A) was not justified in deleting the penalty levied under Section 271(1)(c) o.....
Tags : Deletion, Penalty, Validity
Subsequent compliance in assessment proceedings is considered as a good compliance and default committed earlier needs to be condoned by the Assessing officer(28.10.2020)
Present appeals have been preferred by the Assessees against the separate orders of the Learned Commissioner of Income Tax (Appeals) {CIT(A)} wherein .....
Tags : Penalty, Levy, Validity
Where the value declared in the return of income has been accepted by the Assessing officer, there cannot be any basis for levy of penalty for concealment of income(15.02.2021)
Present is an appeal filed by the assessee against the order of Learned CIT(A). The only effective ground of appeal relates to levy of penalty under S.....
Tags : Penalty, Levy, Legality
'Ten times penalty' prescribed for deficit stamp duty cannot be mechanically imposed(17.09.2020)
The Appellant by present appeals challenges the judgment of learned Single Judge of the High Court dismissing the Writ Petition of the Appellant as we.....
Tags : Stamp duty, Penalty, Imposition
Reserve Bank of India imposes monetary penalty on Bajaj Finance Limited(05.01.2021)
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs. 2.50 crore (Rupees Two crore Fifty lakh only) on Bajaj Finance Limited, Pune (th.....
Tags : Penalty, Imposition, Bajaj Finance
No penalty can be levied, when the violation is technical and venial(06.01.2021)
Present is an appeal filed by the assessee directed against the order of the Commissioner of Income Tax-(A) [CIT (A)] passed under Section 250 of the .....
Tags : Penalty, Imposition, Validity
Concealment involves penal action; it has to be proved as a conscious act(05.03.2021)
Furnishing of inaccurate particulars of income cannot attract the provisions of penalty under Section 271 (1)(c) of IT Act
The present appeal.....
Tags : Penalty, Deletion, Legality
No penalty shall be imposable on the persons or the assessee, if he proves that there was a reasonable cause for failure referred in Section 271 D of IT Act, 1961(10.03.2021)
In facts of present case, the assessee filed return of income declaring income of Rs. 2,30,000 plus agricultural income of Rs. 1,10,000 was filed on 3.....
Tags : Penalty, Levy, Legality
When the notice issued by AO is ambiguous, penalty proceedings are not sustainable(09.04.2021)
The assessee is private limited company, engaged in the business of share, commodity trading and investment activities. It filed its return of income .....
Tags : Penalty, Levy, Validity
Where inapplicable portions were not struck off in the penalty notice, the penalty was vitiated(17.05.2021)
The facts of the case are that the assessee has been the proprietor of Food Land Agro (India) engaged in the business of processing and sale of milk. .....
Tags : Penalty, Levy, Notice
RBI imposes monetary penalty on Punjab National Bank(07.06.2021)
The Reserve Bank of India (RBI) has imposed, by an order dated June 07, 2021, a monetary penalty of Rs.2 crore (Rupees Two Crore only) on Punjab Natio.....
Tags : Penalty, Imposition, PNB
An importer is entitled to avail cenvat credit on inputs, if the importer is registered in terms of the provisions of Central Excise Rules(17.06.2021)
The issue in present appeal is whether the Appellant have rightly taken credit of service tax on port charges etc. in the facts that they had purchase.....
Tags : Cenvat credit, Penalty, Legality
No penalty could be levied on an assessee for a mere technical venial breach(11.06.2021)
Present appeal arises out of the order by the learned Commissioner of Income Tax (Appeals), in the matter of imposition of penalty under Section 272A(.....
Tags : Penalty, Imposition, Legality
When non-payment of tax is not due to fraud, collusion, wilful misstatement or suppression of facts, penalty cannot be imposed(30.06.2021)
The Appellant is engaged in providing construction of residential complex services. During the course of audit of the records, for the period 2012-201.....
Tags : Penalty, Imposition, Validity
RBI imposes monetary penalty on Axis Bank Limited(28.07.2021)
The Reserve Bank of India (RBI) has imposed, by an order dated July 28, 2021, a monetary penalty of Rs. 5.00 crore (Rupees Five crore only) on Axis Ba.....
Tags : Penalty, Imposition, Axis Bank
Concealment of income can be levied only in cases where the concealment has been proved(26.07.2021)
Assessee is a company who filed its return of income for A.Y. 2008-09, declaring total income of Rs.1307,37,84,038. Thereafter, assessee filed revised.....
Tags : Assessment, Penalty, Levy
Penalty levied shall be cancelled, where as a result of final order, the amount of tax, with respect to the default in payment of which the penalty was levied, has been wholly reduced(20.07.2021)
Both the appeals filed by the respective assessees are directed against the orders passed by Learned Commissioner of Income Tax [CIT(A)] in their resp.....
Tags : Assessment, Penalty, Levy
Penalty provisions are applicable only when there is a failure to furnish returns or there is concealment of income or furnishing of inaccurate particulars before the Assessing Officer(23.07.2021)
The assessee is an individual and earned income from purchase and sale of properties and shown income under the head capital gain. The assessee claim .....
Tags : Penalty, Levy, Validity
Quantification of penalty is dependent upon the additions made to the income of the assessee(02.08.2021)
Assessee is a company stated to be engaged in the business of carrying on infrastructure activities. Assessee filed its return of income for Assessmen.....
Tags : Assessment, Penalty, Validity
RBI imposes monetary penalty on Hewlett-Packard Financial Services (India) Private Ltd(03.08.2021)
The Reserve Bank of India (RBI) has, by an order dated August 03, 2021, imposed a monetary penalty of Rs. 6 lakh (Rupees Six Lakh only) on Hewlett-Pac.....
Tags : Penalty, Imposition, Non-compliance
Quantum proceedings and penalty proceedings are independent and so, distinct proceedings and confirmation of an addition cannot, on a standalone basis, justify upholding of a penalty(02.09.2021)
By present miscellaneous application, the applicant revenue seeks to recall order passed, wherein the revenue's appeal was summarily dismissed on acco.....
Tags : Assessment, Penalty, Upholding of
RBI imposes monetary penalty on two Payment System Operators(20.10.2021)
The Reserve Bank of India (RBI) had, by an order dated October 01, 2021, imposed a monetary penalty of Rs.1 crore (Rupees one crore only) on Paytm Pay.....
Tags : Penalty, Imposition, Payment System Operators
When the notice issued by the AO is vague and ambiguous, the penalty proceedings initiated under Section 271(1)(c) of IT Act are not sustainable(13.08.2021)
In facts of present case, on the basis of assessment framed under Section 143(3) of Income Tax Act, 1961, penalty proceedings have been initiated for .....
Tags : Assessment, Penalty, Legality
Assessee is duty bound to record stock of finished goods(06.12.2021)
In facts of present case, the officers have visited the factory of the appellant and carried out the physical stock taking wherein, they found the exc.....
Tags : Excess stock, Penalty, Legality
Where initiation of penalty is one limb and the levy of penalty is on other limb, then in the absence of proper show cause notice to the assessee, there is no merit in levy of penalty(27.09.2021)
Assessee is an individual stated to be engaged in the business of financial services and facilitates loans to various clients from financial instituti.....
Tags : Assessment, Penalty, Legality
Only on the basis of statement of third party, no demand could be made(06.01.2022)
The Appellant is engaged in the manufacture of M.S. Ingots, which are dutiable and is registered with the Department. The Appellant has been making re.....
Tags : Demand, Penalty, Legality
RBI imposes monetary penalty on Union Bank of India(29.11.2021)
The Reserve Bank of India (RBI) has, by an order dated November 25, 2021, imposed a monetary penalty of Rs. 1 Crore (Rupees One Crore only) on Union B.....
Tags : Non-compliance, Monetary penalty, Imposition
Reserve Bank of India imposes monetary penalty on Gayatri Co-operative Urban Bank Ltd.(10.01.2022)
The Reserve Bank of India (RBI) has imposed, by an order dated January 4, 2022, a monetary penalty of Rs. 1.00 lakh (Rupees one lakh only) on Gayatri .....
Tags : Non-compliance, Penalty, Imposition
Where the assessee is prevented by sufficient reasonable cause for obtaining a tax audit report, the penalty shall not be levied(03.11.2021)
The Appellant is a co-operative society registered under the provisions of Maharashtra Co-operative Societies Act, 1960. The Appellant society is enga.....
Tags : Penalty, Levy, Legality
Present Court is not supposed to substitute its decision over the decision of administrative authority(17.02.2022)
Present petition is filed for issue of a writ in the nature of mandamus and for direction/order, thereby quashing/setting-aside the impugned Memorandu.....
Tags : Penalty, Imposition, Legality
Reserve Bank of India imposes monetary penalty on The Baramulla Central Co-operative Bank Limited(21.02.2022)
Reserve Bank of India (RBI) has imposed, by an order dated February 15, 2022, a monetary penalty of ₹ 2.00 lakh (Rupees Two Lakh only) on the Baramull.....
Tags : Contravention, Penalty, Imposition
Entire consignment cannot be seized/confiscated on unjustified assumptions and presumption and in absence of evidences(27.01.2022)
The issue involved in the Appeals is whether freely importable Waste Paper of CTH 47079000, imported by Appellants are liable to confiscation or other.....
Tags : Confiscation, Penalty, Validity
Bonafide mistake on the part of the assessee would not attract levy of penalty where all the particulars of income are duly disclosed(17.01.2022)
Present appeal is preferred by the assessee against the order passed by the Learned Commissioner of Income Tax, ['CIT(A)'] for assessment year 2014-15.....
Tags : Penalty, Imposition, Legality
Mere reference to the word "misreporting" in the assessment order to deny immunity from imposition of penalty and prosecution makes impugned order arbitrary(28.03.2022)
Present writ petition has been filed challenging the impugned order passed by Respondent No. 1 under section 270AA(4) of the Income Tax Act, 1961 (IT .....
Tags : Immunity, Grant, Penalty
Assessing Officer is bound to furnish reasons within a reasonable time(25.04.2022)
Present writ Petition has been filed challenging the notice issued by the Respondent under Section 148 of the Income Tax Act, 1961 and the assessment .....
Tags : Demand notice, Penalty, Legality
Levy of penalty has to be clear as to the limb under which it is being levied(17.05.2022)
The Assessee has claimed expenses of Rs. 48,53,671 under the "business promotion expenses" which were disallowed by the Assessing Officer (AO) on the .....
Tags : Penalty, Levy, Legality
Once there is no suppression of facts, question of imposition of penalty does not arise(10.06.2022)
The Appellants in the present case are engaged in the manufacture of Sponge Iron, Ingot, Billet, Silico Manganese etc. They are also availing the Cenv.....
Tags : Demand, Penalty, Confirmation
No penalty can be imposed without proving the role of person being charged(03.08.2022)
The issue in present appeal is whether penalty of Rs. 10 lakhs has been correctly imposed on the Appellant under Section 112(b) of the Customs Act, 19.....
Tags : Penalty, Imposition, Legality
When assessee is not rendering services as consulting engineer, he is not liable to pay the service tax(24.08.2022)
The Revenue has preferred the present appeals dissatisfied with the impugned common judgment and order passed by the Customs, Excise and Service Tax A.....
Tags : Demand, Penalty, Deletion
Mere shortage cannot ipso facto lead to the allegation of clandestine removal(13.09.2022)
Present appeal has been filed challenging the Order-in-Appeal passed by the Commissioner (Appeals), by which the learned Commissioner dismissed the ap.....
Tags : Demand, Confirmation, Penalty
Extended period of limitation could not be invoked as intention to evade duty cannot be alleged against Assessee(05.09.2022)
Present appeal has been filed by Nabros Pharma Pvt Ltd against confirmation of demand of service tax, interest and imposition of penalty. The Appellan.....
Tags : Demand, Penalty, Legality
Any plant, machinery, equipment or accessories required for manufacture or production, either directly or indirectly, of goods would fall within the scope of capital goods(23.09.2022)
The Appellant purchased a "Complete Used Stainless Steel Tube Manufacturing Plant" including parts, spares, accessories, tools & tackles and office re.....
Tags : Confiscation, Penalty, Legality
Findings recorded in the disciplinary enquiry without following principles of natural justice are perverse(30.09.2022)
By the present petition, the Petitioner challenges order, by which penalty of dismissal from service is imposed upon her. It is submitted that, the fi.....
Tags : Penalty, Termination, Legality
Fraud vitiates everything and forged DEPB licenses are void ab initio(23.09.2022)
The original assessee has preferred the present Civil Appeal against the impugned judgment passed by the High Court by which the High Court has confir.....
Tags : Demand, Duty, Penalty
RBI imposes monetary penalty on LIC Housing Finance Limited, Mumbai(31.10.2022)
The Reserve Bank of India (RBI) has, by an order dated October 21, 2022, imposed a monetary penalty of Rs. 5.00 lakh (Rupees Five lakh only) on LIC Ho.....
Tags : Penalty, Imposition, Non-compliance
AO has to specify the default for which the penalty notice is issued so that the assessee is aware of the charge against him(25.01.2023)
In facts of present case, the Department received information that, the assessee has deposited cash of Rs. 14,62,150 in his savings bank account with .....
Tags : Penalty, Levy, Legality
Assessee must be informed of the grounds of penalty proceedings only through statutory notice(02.12.2022)
The information has been received that the assessee had deposited cash amounting to Rs. 35,60,000 to his savings bank account during the Financial Yea.....
Tags : Penalty, Imposition, Legality
RBI imposes monetary penalty on IGH Holdings Private Limited, Mumbai(17.03.2023)
The Reserve Bank of India (RBI) has, by an order dated March 15, 2023, imposed a monetary penalty of Rs 11.25 lakh (Rupees Eleven lakh twenty five tho.....
Tags : Non-compliance, Monetary penalty, Imposition
In the penalty proceeding, the burden lies on the revenue to prove that the assessee has concealed income or furnished inaccurate particular of income(22.02.2023)
The captioned appeal has been filed at the instance of the assessee against the order of the Learned Commissioner of Income Tax (Appeals), arising in .....
Tags : Penalty, Imposition, Legality
Mere making of a claim which is not sustainable in law by itself will not amount to furnishing of inaccurate particulars of income(10.05.2023)
The assessee has filed present appeal challenging the order passed by the Learned Commissioner of Income Tax (Appeals) and it relates to Assessment Ye.....
Tags : Assessment, Penalty, Legality
When the entire addition has been made on the basis of estimation, penalty levied is not sustainable(28.04.2023)
In the basis of completed assessment framed under Section 143(3) read with 153C of the Income Tax Act, 1961 (IT Act) determining the total income at R.....
Tags : Penalty, Levy, Legality
RBI imposes monetary penalty on The Urban Co-operative Bank Ltd., Rourkela (Odisha)(19.06.2023)
The Reserve Bank of India (RBI) has imposed, by an order dated June 09, 2023, a monetary penalty of ₹ 6.00 lakh (Rupees Six lakh only) on The Urban Co.....
Tags : Penalty, Imposition, Non-compliance
Fixed Facility Charges has to be included in the assessable value for discharging cenvat credit(20.06.2023)
The Appellant is registered with the department for providing various taxable services. They are engaged in the manufacture of goods viz. Liquid Nitro.....
Tags : Demand, Penalty, Legality
Value of books cannot be included in the consideration for coaching services(18.05.2023)
The present appeal has been filed by Kanhaiya Singh Vision Classes Pvt. Ltd. (the Appellant) being aggrieved by the Order-in-Original (OIO) passed by .....
Tags : Demand, Penalty, Legality
Penalty proceedings are penal in nature, the charge of offence should be specific, unequivocal and unambiguous(01.06.2023)
Present appeal arises out of the order of the Commissioner of Income Tax (Appeals) [CIT(A)] in Appeal against the order under Section 271(1)(c) of the.....
Tags : Penalty, Imposition, Legality
Abetment necessarily requires knowledge of the offending Act for imposing penalty under Section 111 of the Customs Act(04.07.2023)
The Appellant has filed the present appeal under Section 130 of the Customs Act, 1962 ('Customs Act'), impugning an order passed by the Customs, Excis.....
Tags : Penalty, Imposition, Legality
RBI imposes monetary penalty on The Waghodia Urban Co-operative Bank Ltd., Dist. Vadodara, Gujarat(14.09.2023)
The Reserve Bank of India (RBI) has imposed, by an Order dated August 22, 2023, a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on The Wagho.....
Tags : Penalty, Imposition, Non-compliance
RBI imposes monetary penalty on The Sahayadri Sahakari Bank Limited, Mumbai, Maharashtra(09.10.2023)
The Reserve Bank of India (RBI) has imposed, by an order dated September 15, 2023, a monetary penalty of ₹ 6.00 lakh (Rupees Six lakh only) on The Sah.....
Tags : Penalty, Imposition, Non-compliance
If the findings of the disciplinary authorities are arrived at after ignoring the relevant material, the court in judicial review can interfere(04.12.2023)
The Appellant was a Constable with the Rajasthan Armed Constabulary, 9th Battalion, Jodhpur. He was appointed on 15th December, 1991. A First Informat.....
Tags : Termination, Penalty, Legality
For a mere technical venial breach, the assessee should not be invited with penalty(16.01.2024)
The issue to be decided in present appeals is as to whether the learned CIT(A) was justified in confirming the levy of penalty under Section 272A(2)(k.....
Tags : Penalty, Imposition, Validity
Levy of penalty has to be clear as to the limb under which it is being levied(23.11.2023)
The Assessee has challenged the penalty order on various grounds. In the instant case, the AO initiated penalty under Section 271(1)(c) of the Income .....
Tags : Penalty, Levy, Legality
RBI imposes monetary penalty on Indapur Urban Co-operative Bank Limited, Pune, Maharashtra(14.12.2023)
The Reserve Bank of India (RBI) has, by an order dated November 17, 2023, imposed a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on Indapur .....
Tags : Penalty, Imposition, Non-compliance
Statement recorded under Section 108 of the Customs Act is a material piece of evidence and can be used as substantive evidence(08.01.2024)
Present appeal is against impugned Order passed by the learned Joint Secretary to the Government of India under Section 129DD of the Customs Act, 1962.....
Tags : Penalty, Imposition, Legality
Charge of suppression could not have been brought against an importer, if he has correctly described the goods in the Bill of Entry(25.01.2024)
The importer, had filed a Bill of Entry No. 3450978 dated 3rd October, 2017 for the clearance of the goods declared as 'GSL Artemia Brine Shrimp Foods.....
Tags : Penalty, Imposition, Legality
RBI imposes monetary penalty on Zoroastrian Co-operative Bank Ltd., Mumbai(08.02.2024)
The Reserve Bank of India (RBI) has, by an order dated February 6, 2024, imposed a monetary penalty of ₹ 43.30 lakh (Rupees Forty-Three Lakh and Thirt.....
Tags : Penalty, Imposition, Non-Compliance
A penal statute is required to be construed strictly, it is not open to expand the scope of the words used in a penal statute so as to fasten liability(05.02.2024)
Present is an application under Section 482 of the Code of Criminal Procedure, 1973 (CrPC) to quash the complaint lodged by the Income Tax Authorities.....
Tags : Penalty, Confirmation, Legality
Mere factum of two set of invoices is not sufficient to prove charge of clandestine removal in absence of positive evidence with regard to the same(08.02.2024)
The facts of the case are that, the departmental officers searched the factory premises of the Appellant and during the course of search some pages co.....
Tags : Demand, Penalty, Legality
Equal penalty can be imposed only in a case where the duty has not been paid or short paid by reason of collusion or any willful mis-statement or suppression of fact(19.04.2024)
Present appeal is directed against order-in-original wherein the Appellant challenged only imposition of penalties of Rs. 68,74,072 imposed under Sect.....
Tags : Penalty, Imposition, Legality
Initial burden of proof lies on the Department to show Assessee’s intention to evade tax, when the error in the documents is only typographical error(19.02.2024)
Present is a petition under Article 226 of the Constitution of India, 1950 wherein the writ Petitioner is aggrieved by the order passed in appeal and .....
Tags : Penalty, Imposition, Legality
Where addition is made purely on estimate basis, no penalty is leviable(21.03.2024)
Present appeal by the assessee is directed against the order of Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi ['the CIT.....
Tags : Assessment, Penalty, Levy
RBI imposes monetary penalty on The Mandal Nagarik Sahakari Bank Ltd., Mandal, Dist. Ahmedabad, Gujarat(30.11.2023)
The Reserve Bank of India (RBI) has, by an order dated November 03, 2023, imposed a monetary penalty of ₹ 1.50 Lakh (Rupees One lakh fifty thousand on.....
Tags : Penalty, Imposition, Non-compliance
Any activity which is directly or indirectly in relation to manufacture would be eligible for credit(04.03.2024)
The appellant is engaged in manufacture of "Epoxy Resins and Hardeners" and holds Central Excise registration. During the course of verification of th.....
Tags : Demand, Confirmation, Penalty
When the goods are liable for confiscation, imposition of redemption fine and penalty under Sections 125 and 112(a) of Customs Act are automatic(01.05.2024)
The Appellant had filed the Bill of Entry before the Customs authorities for clearance of the imported goods namely, "Dove AP Original Whitening, Dove.....
Tags : Demand, Penalty, Legality
When the income arising from various activities stand reflected in public documents, there cannot be suppression or misstatement on part of Assessee(24.04.2024)
In facts of the present case, the demand was raised on the basis of third party information i.e. data revealed from ITR/Form 26-AS from Income Tax Dep.....
Tags : Demand, Penalty, Legality
Once the party admits, the same need not be proved by the department(17.05.2024)
The Appellant filed the Bill of Entry for clearance of the goods declared as "Copper Clad Laminates-AL grade" classified under CTH 7474102100. The goo.....
Tags : Penalty, Imposition, Legality
When the assessee has not taken the benefit of the CENVAT credit, there is no liability to pay interest(23.04.2024)
The Appellants are manufacturers of cotton yarn which they are clearing on payment of duty under Notification No. 29/2004-CE and also availing full ex.....
Tags : Interest, Penalty, Legality
Services received by permanent establishments of Appellant abroad cannot be considered as services received in India, demand of service tax is not sustainable(04.06.2024)
The Appellant is engaged in development of software at its development centre in Kolkata. The Appellant is registered with Service Tax Commissionerate.....
Tags : Demand, Penalty, Legality
Penalty is not leviable where there is a reasonable cause or where assessee establishes its bonafides(12.06.2024)
In present case, during the course of assessment proceedings, the Assessing Officer has levied penalty, under Section 271B and various other sections .....
Tags : Assessment, Penalty, Imposition
Mere non-filing of the option letter should not be used to deprive the assessee from reversing the proportionate Cenvat Credit(11.06.2024)
The Appellant is engaged in providing "stock broking service" to their clients. On scrutiny of ST-3 Returns as well as cenvat credit records, it revea.....
Tags : Demand, Penalty, Legality
Transaction value has to be accepted unless there are compelling reasons to reject the same(27.06.2024)
The Appellantfiled a Bill of Entry No.8730452 dated 11th December, 2012 for clearance of different items such as laminators, wire binding machines, pa.....
Tags : Valuation, Confiscation, Penalty
RBI imposes monetary penalty on Shree Bharat Co-operative Bank Limited, Vadodara, Gujarat(04.01.2024)
The Reserve Bank of India (RBI) has, by an order dated December 13, 2023, imposed a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on Shree Bh.....
Tags : Penalty, Imposition, Non-compliance
Reserve Bank of India imposes monetary penalty on Apna Sahakari Bank Ltd., Mumbai(23.01.2020)
The Reserve Bank of India (RBI) has, by order dated January 22, 2020, imposed monetary penalty of Rs. 14 lakh on Apna Sahakari Bank Ltd., Mumbai, (the.....
Tags : Penalty, Imposition, Bank
RBI imposes monetary penalty on State Bank of India(16.03.2021)
The Reserve Bank of India (RBI) has, by an order dated March 15, 2021, imposed a monetary penalty of ₹2 Crore (Rupees Two Crore only) on State Bank of.....
Tags : Monetary penalty, Imposition, SBI
News
ITAT Jaipur: No Penalty Even If Discrepancies Found During Survey(17.12.2019)
Income Tax Appellate Tribunal, Jaipur has ruled that even if some discrepancies were found during the survey resulting in surrender of income by the A.....
Tags : ITAT Jaipur, Penalty
RBI imposes monetary penalty on The Prathamik Shikshak Sahakari Bank Limited, Satara, Maharashtra(07.12.2023)
The Reserve Bank of India (RBI) has, by an order dated November 21, 2023 imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The Pratha.....
Tags : Penalty, Imposition, Non-compliance
Penalty cannot be levied on assessee for bona fide mistakes which were corrected by filing the revised computation during the assessment proceedings(12.02.2024)
The present appeal has been filed by the assessee challenging the impugned order passed under Section 250 of the Income Tax Act, 1961by the learned Co.....
Tags : Penalty, Imposition, Legality
Cal. HC: Bill Generated For Exporting Goods Expired Due to Accident, 200% Penalty Quashed(08.02.2024)
Calcutta HC while quashing 200% penalty has observed that unless department establishes that transporter or owner of goods had an intention to violate.....
Tags : Calcutta High Court, Section 129 of WBGST Act, 200% Penalty
Imposition of monetary penalty on Parwanoo Urban Co-operative Bank Limited, Parwanoo, Himachal Pradesh(21.11.2022)
The Reserve Bank of India (RBI) has imposed, by an order dated November 15, 2022, a monetary penalty of Rs 3.00 lakh (Rupees Three Lakh only) on The P.....
Tags : Penalty, Imposition, Non-compliance
Madras HC Quashes Levy of Penalty as SCN Not Issued by Proper Officer(25.03.2021)
Madras High Court has quashed the levy of penalty under Section 112(a) or 114AA of the Customs Act, 1962 in favour of Quantum Coal Energy (P) Ltd as S.....
Tags : Madras High Court, Levy of Penalty
Key persons involved in KFEF film ban let off hook(19.04.2016)
Competition Commission of India cannot impose penalties on individual members of a body found to have indulged in anti-competitive activities without .....
Tags : competition, penalty, notice, natural justice
SC Stays Execution in Two Death Penalty Matters for Psychological Examination of Convicts(12.12.2022)
Supreme Court while relying on the principles laid down in Manoj v. State of Madhya Pradesh has stayed the execution in two death penalty matters and .....
Tags : Supreme Court, Psychological Examination, Death Penalty
Reserve Bank of India imposes monetary penalty on Saraswat Co-operative Bank Ltd.(28.05.2020)
The Reserve Bank of India (RBI) has imposed, by an order dated February 20, 2020, a monetary penalty of Rs.30 lakh (Rupees Thirty lakh only) on Sarasw.....
Tags : Penalty, Imposition, Non-compliance
SC Affirms Death Penalty for LeT Militant in 2000 Red Fort Attack Case(03.11.2022)
Supreme Court while dismissing review petition filed by Lakshar-e-Taiba militant Mohammed Arif, has affirmed death penalty awarded to him for 2000 Red.....
Tags : Supreme Court, Review Petition, Death Penalty
CCI penalty on total turnover for collusion set aside(12.04.2016)
The Competition Appellate Tribunal Tags : Goods, Confiscation, Penalty
Review in a criminal proceeding is permissible only on ground of error apparent on face of record(09.07.2018)
Present review petitions have been filed by two applicants Vinay Sharma-Accused No. 1 and Pawan Kumar Gupta-Accused No. 2 to review the judgment of pr.....
Tags : Review, death penalty, Maintainability
SC Commutes Death Sentence on Rape and Murder Convict to 25 Years Sentence(19.09.2016)
Supreme Court has commuted death penalty of a convict in a rape and murder case of a seven-year-old girl that took place in 2011 in Jabalpur district .....
Tags : Supreme Court, death penalty
Kar. HC Issues Guidelines for Prosecution to Follow While Seeking Death Penalty Before Trial Court(13.06.2023)
Karnataka High Court has issued guidelines for prosecution to follow while seeking Death Sentence before the trial court, which includes prosecutor pl.....
Tags : Karnataka High Court, Guidelines, Death Penalty
International Cases
Where advertiser failed to show a reasonable basis or prior substantiation for claims, consumer was believed to be acting under false or misleading representation(s).(19.12.2018)
In instant matter, proceedings initiated vide Show Cause Notice issued to Options International (SMCPvt.) Limited ('Respondent' or 'Options') by Compe.....
Tags : Deceptive Marketing Practices, Penalty, Imposition
SC: Interim Moratorium Not Applicable to Penalty Proceedings under Consumer Protection Act(05.03.2025)
Supreme Court has held that interim moratorium under Section 96 of the Insolvency & Bankruptcy Code, 2016 (IBC) is not applicable on penalty proceedin.....
Tags : Supreme Court, Interim Moratorium, Penalty Proceedings
When assessee has wilfully and deliberately concealed income by not filing the Return of Income, assessee is liable for penalty(07.09.2022)
The present appeal has been filed by the Revenue against the order passed by the Commissioner of Income Tax (Appeals), Ahmedabad quashing the penalty .....
Tags : Penalty, Deletion, Legality
Mere disallowance of a claim will not amount to furnishing of inaccurate particulars of income(20.07.2022)
The Appellant company is engaged in the real estate development business. During the assessment proceedings under Section 143(3) of Income Tax Act, 19.....
Tags : Penalty, Deletion, Legality
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
Onus lies on Department to justify admissibility or inadmissibility of Appellant's availment and utilisation of cenvat credit(28.09.2018)
In present matter, the Appellant company is engaged in rendering event management service, advertising service, sponsorship and business consultation .....
Tags : Input credit, Demand, Penalty
Reserve Bank of India imposes monetary penalty on DCB Bank Limited(28.10.2020)
The Reserve Bank of India (RBI) has, by an order dated October 28, 2020, imposed a monetary penalty of Rs. 22 lakh (Rupees Twenty Two lakh only) on DC.....
Tags : Penalty, Imposition, DCB Bank Limited
Reserve Bank of India imposes monetary penalty on Indian Bank(20.11.2019)
The Reserve Bank of India (RBI) has imposed, by order dated November 18, 2019, monetary penalty of Rupees One crore on Indian Bank (the bank) for non-.....
Tags : Penalty, Imposition, Indian Bank
Where addition has been made on estimation basis, no penalty under Section 271(1)(c) of IT Act could be made qua such addition(16.02.2022)
Present appeal is filed by the assessee against order passed by the Learned Commissioner of Income-tax (Appeals) relating to the assessment year 2010-.....
Tags : Penalty, Confirmation, Legality
Supreme Court Upholds Death Penalty to 'Tantric' Couple who Killed Infant for Human Sacrifice(04.10.2019)
Supreme Court has upheld the death sentence awarded to a ‘tantric’ couple accused of murdering a boy by performing the ritual of human sacrifice. The .....
Tags : Supreme Court, Death Penalty
MCA Notifies Penalty for Non-Compliance With NFRA Rules(22.06.2022)
Ministry of Corporate Affairs (MCA) has notified that the non-compliance with the National Financial Reporting Authority Rules (NFRA), 2018 would attr.....
Tags : Ministry of Corporate Affairs, National Financial Reporting Authority Rules, Penalty
Penalty for repeated delivery default(17.08.2021)
1. SEBI had stipulated delivery default norms vide Circular SEBI/HO/CDMRD/DRMP/CIR/P/2021/35 dated March 23, 2021. It is felt that there is a need to .....
Tags : Penalty, Delivery Default
Supreme Court Dismisses Curative Pleas of Two Death Row Convicts(14.01.2020)
Supreme Court has dismissed the curative petitions of Vinay Sharma and Mukesh, two of the four convicts awaiting execution of death penalty in the Nir.....
Tags : Supreme Court, Nirbhaya, Death Penalty
RBI imposes monetary penalty on Jila Sahakari Kendriya Bank Maryadit, Bilaspur, Chattisgarh(12.12.2022)
The Reserve Bank of India (RBl) has imposed, by an order dated December 06, 2022, a monetary penalty of Rs 50,000/- (Rupees Fifty Thousand only) on Ji.....
Tags : Non-compliance, Penalty, Imposition
When personal business interests of importers clash with public interest, the former has to give way to the latter(17.06.2021)
In present set of appeals, the Union of India and the authorities related with customs have questioned the orders dated 15th October, 2020 and 5th Jan.....
Tags : Import, Absolute confiscation, Penalty
RBI imposes monetary penalty on Telangana State Cooperative Apex Bank Limited, Hyderabad(12.06.2023)
The Reserve Bank of India (RBI) has, by an order dated June 05, 2023, imposed a monetary penalty of Rs 2.00 lakh (Rupees Two Lakh only) on Telangana S.....
Tags : Penalty, Imposition, Non-compliance
RBI imposes Monetary Penalty on M/s Radhakrishna Finance Pvt. Ltd(14.12.2017)
The Reserve Bank of India (RBI) has imposed a monetary penalty of ?1 lakh on M/s Radhakrishna Finance Pvt. Ltd. (the company) under Section 58G(1)(b) .....
Tags : Direction, Violation, Penalty, Imposition
When statute specifically provides for a code of conduct and penalty for infringement thereof, it is not proper to bring such violation within the realm or scope of another statutory provision(21.03.2018)
Instant appeals are against common impugned order, involving the issue of imposition of penalties for illegal export of Red Sanders, instead of the de.....
Tags : Penalty, Imposition, Validity
NGT Imposes Rs 1L Penalty on Delhi Govt for Yamuna Revival(12.08.2015)
National Green Tribunal has penalised National Capital Government with Rs 1L fine for not following its orders on implementation of "Maili se Nirmal Y.....
Tags : NGT,Yamuna,Penalty
CIC Imposes Penalty of Re 1 on RTI Applicant(21.09.2016)
Central Information Commission (CIC) has slapped penalty of Re one on an RTI applicant who was acting as a front for a pesticide lobbying group seekin.....
Tags : Central Information Commission, JNU research, penalty
Reserve Bank of India imposes penalty on United Overseas Bank Limited(03.10.2019)
The Reserve Bank of India (RBI) has, by an order dated October 01, 2019, imposed a monetary penalty of ` One crore on United Overseas Bank Limited (th.....
Tags : Non-compliance, Provision, Penalty, Imposition
Delhi HC: NCTE Not Empowered to Impose Penalty, Can’t Exercise Function of Regional Committees(16.11.2022)
Delhi High Court has held that National Council for Teacher Education (NCTE) can’t claim existence of any inherent or plenary powers, adding that stat.....
Tags : Delhi High Court, NCTE, Penalty
Supreme Court Issues Notice On Plea Challenging Mandatory Death Penalty Under SC/ST Act(10.05.2019)
Supreme Court has issued notice to the Centre on a PIL challenging mandatory death penalty under Section 3(2)(i) of the Scheduled Castes and the Sched.....
Tags : Supreme Court, Death penalty
An assessee should be given sufficient opportunity to explain their case particularly for invocation of penal provision(24.06.2022)
The Appellant have defaulted the regular payment of duty thereafter the department frozen the bank account of the Appellant and recovered the non paid.....
Tags : Penalty, Levy, Validity
RBI imposes monetary penalty on Nashik Zilla Girna Sahakari Bank Ltd., Nashik(24.09.2020)
The Reserve Bank of India (RBI) has imposed, by an order dated September 23, 2020 a monetary penalty of Rs.2,000 on Nashik Jillha Girna Sahakari Bank .....
Tags : Monetary penalty, Imposition
Bombay HC Enhances Punishment, Sentences Watchman to Death for Employer's Dacoity & Murder(11.04.2022)
Bombay High Court has sentenced death penalty to a watchman found guilty of dacoity and the calculated and cold blooded murder of his employers, a pla.....
Tags : Bombay High Court, death penalty, dacoity, cold blooded
JH HC: Accused Must be Granted Time to Show Mitigating Factors in Hearing Related to Death Penalty(02.11.2023)
Jharkhand High Court has held that in every case where the statute provides death penalty the Court must adjourn “further” hearing on sentence after c.....
Tags : Jharkhand High Court, Death Penalty, Mitigating Factors
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
Reserve Bank of India imposes monetary penalty on Manappuram Finance Limited(19.11.2020)
The Reserve Bank of India (RBI) has imposed, by an order dated November 19, 2020, a monetary penalty of Rs. 5.00 lakh (Rupees Five lakh only) on Manap.....
Tags : Penalty, Imposition, Manappuram Finance
RBI imposes monetary penalty on Tiruchengode Co-operative Urban Bank Ltd.(27.06.2022)
The Reserve Bank of India (RBI) has imposed, by an order dated June 24, 2022, a monetary penalty of ₹ 10.00 lakh (Rupees Ten lakh only) on The Tiruche.....
Tags : Non-adherence, Penalty, Imposition
Apex Court Stays Death Penalty of Rajasthan Blast Case Convict(03.12.2019)
Apex Court has stayed the execution of death penalty awarded to a convict in the 23-year-old case of bomb blast in a bus in Rajasthan's Dausa district.....
Tags : Apex Court, Death Penalty
RBI imposes monetary penalty on Shree Co-operative Bank Limited, Vadodara (Gujarat)(21.08.2023)
The Reserve Bank of India (RBI) has imposed, by an Order dated August 11, 2023, a monetary penalty of ₹ 50,000/- (Rupees Fifty Thousand only) on Shree.....
Tags : Penalty, Imposition, Non-compliance
Pakistan Court Hands Death Penalty to Former President Pervez Musharraf(17.12.2019)
Pakistan Court has sentenced former president Pervez Musharraf to death for high treason, giving its judgment on charges relating to the imposition of.....
Tags : Pakistan Court, Death Penalty
IRDA lambasts Max Life Insurance ‘casual approach’ to insurance regulations(28.06.2016)
The Insurance Regulatory and Development Authority of India imposed a penalty of Rs. 10 lakhs on Max Life Insurance Company, citing operational defici.....
Tags : irda, max life, penalty, agents
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
RBI imposes monetary penalty on Bharat Heavy Electricals Employees' Co-operative Bank Limited, Kailasapuram, Tiruchirappalli, Tamil Nadu(29.08.2022)
The Reserve Bank of India (RBI) has imposed, by an order dated August 22, 2022, a monetary penalty of Rs. 10.00 lakh (Rupees Ten lakh only) on Bharat .....
Tags : Penalty, Imposition, Non-compliance
RBI imposes monetary penalty on Indrayani Co-operative Bank Ltd., Pimpri, Maharashtra(23.10.2023)
The Reserve Bank of India (RBI) has, by an order dated September 25, 2023, imposed a monetary penalty of ₹3.00 lakh (Rupees Three lakh only) on Indray.....
Tags : Penalty, Imposition, Non-compliance
Reserve Bank of India imposes monetary penalty on IDBI Bank Limited(11.04.2018)
The Reserve Bank of India (RBI) has imposed, through an order dated April 09, 2018, a monetary penalty of Rs. 30 million on IDBI Bank Limited (the ban.....
Tags : Penalty, Imposition, IDBI Bank
Death Penalty Execution: SC to Lay Down Procedure to Avoid Delays Once Mercy Petition is Rejected(09.09.2024)
Supreme Court has stated that, in order to avoid delay in execution of the sentence, it shall lay down the procedure required to be followed by the st.....
Tags : Supreme Court, Mercy Petition, Death Penalty
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
Mere act of removing employee after an incident does not extinguish vicarious liability on employer(15.11.2021)
The Appellant, a licensed Customs Broker, is aggrieved by the Order-in-Original passed by the Commissioner of Customs, holding that, the Appellant had.....
Tags : Regulation, Contravention, Penalty
Delhi HC: Non-Specification of Limb under which Penalty is Initiated is Arbitrary(04.04.2022)
Delhi High Court has held that the action of income tax authorities to deny the benefit of immunity from penalty under Section 270AA of the Income Tax.....
Tags : Delhi High Court, Imposition of Penalty
CESTAT: Imposition of Penalty Under CENVAT Credit Rule Will Not Sustain if Facts Not Suppressed(22.06.2022)
Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Delhi Bench has held that imposition of penalty under the CENVAT Credit rule will not susta.....
Tags : CESTAT, CENVAT Credit Rule, Penalty
SC Upholds Death Penalty of Man for Rape & Murder of 8 Year Old Disabled Girl(24.06.2022)
Supreme Court while upholding death penalty awarded to a 37-year old man for the rape and murder of a seven and a half year old girl who was mentally .....
Tags : Supreme Court, Death Penalty, Rape
Supreme Court Reconfirms Death Penalty for Coimbatore Rape and Murder Convict(07.11.2019)
Supreme Court has dismissed the petition against the death sentence of a man convicted of "horribly" gang-raping a 10-year-old girl before murdering h.....
Tags : Supreme Court, Death Penalty
Reserve Bank of India imposes monetary penalty on Standard Chartered Bank - India(21.01.2021)
The Reserve Bank of India (RBI) has, by an order dated January 21, 2021, imposed a monetary penalty of Rs. 2 Crore (Rupees Two Crore only) on Standard.....
Tags : Penalty, Imposition, Bank
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
RBI imposes monetary penalty on G.S. Mahanagar Co-operative Bank Limited, Mumbai(12.09.2022)
The Reserve Bank of India (RBI) has, by an order dated September 08, 2022, imposed a monetary penalty of ₹ 25.00 lakh (Rupees Twenty-five lakh only) o.....
Tags : Non-compliance, Penalty, Imposition
NCLAT Upholds Imposition of Rs. 200 Crores Penalty on Amazon by CCI(14.06.2022)
National Company Law Appellate Tribunal (NCLAT) has upheld the order passed by Competition Commission of India (CCI) whereby Amazon was directed to pa.....
Tags : NCLAT, CCI, Competition Act, Penalty
Delhi High Court Notices Centre over Vodafone Inter-connection Penalty Dispute(23.12.2016)
Delhi High Court has issued notice to Centre in a plea filed by Vodafone Mobile Services Ltd challenging Telecom Regulatory Authority of India’s (TRAI.....
Tags : Delhi High Court, Vodafone, Inter-connection, Penalty
Apex Court Stays Death Penalty in Coimbatore Double Murder Case(18.09.2019)
Apex Court has stayed the execution of a man convicted in a rape and double murder case in Coimbatore nine years ago. The Court stayed the execution o.....
Tags : Apex Court, Death Penalty
'Shabby Investigation, Laconic Trial’: SC Acquits Man in Child Rape-Murder Case(27.08.2025)
SC has set aside the death penalty in a child rape-murder case, citing lack of credible evidence, broken chain of custody of DNA samples, and procedur.....
Tags : Supreme Court, Child Rape-Murder, Acquittal, Death Penalty
Mere rejection of the explanation does not entail levy of penalty under Section 271(1)(c) of the IT Act(01.06.2021)
The Appellant is an individual engaged in the business of builders and land promoters. Present is an appeal filed by the assessee directed against the.....
Tags : Assessment, Penalty, Validity
Orissa High Court Cancels Death Penalty of Tantrik in Murder Case(23.11.2015)
Orissa High Court has set aside death penalty for sacrificing an eight-year-old boy as a religious offering five years ago and acquitted the accused, .....
Tags : Orissa High Court , set aside a death penalty
Allegations of clandestine manufacture and removal are required to be proved by production of sufficient evidence(18.01.2018)
All the present appeals have been filed against the Order-in-Original. Four appeals have been filed by the assessee as well as related parties, challe.....
Tags : Penalty, Imposition, Validity
Standards of Quality of Service Regulations and results test drives in Mumbai and Delhi(15.10.2015)
Pursuant to its ‘test drives’ to assess service quality of various telecom providers in the Mumbai and Delhi, TRAI has concluded there had been no sig.....
Tags : Trai, graded, penalty, telecom, parameter, test, drive, assess, metros
SC: Authority Imposing Minor Penalty Can Initiate Major Penalty Charges(01.08.2025)
Supreme Court clarified that under the Central Civil Services (CCS) Rules, 1965 an authority empowered to impose minor penalties can also issue charge.....
Tags : CCS Rules, Service law, Disciplinary authority, Chargesheet, Major penalty, Public servants
Ministry of Road Transport and Highways declares plying of motor vehicles without valid motor third party insurance is a punishable offence(11.06.2024)
In a statement released by Ministry of Road Transport and Highways, plying motor vehicles without valid motor third party insurance is a punishable of.....
Tags : Insurance, Third party, Penalty
ITAT Chandigarh: Penalty Granted on Surrender Made on Account of Discrepancy in Stock(04.07.2019)
Income Tax Appellate Tribunal (ITAT), Chandigarh has ruled that the penalty under Section 271AAB of the Income Tax Act, 1961 was rightly imposed in th.....
Tags : ITAT Chandigarh, Penalty
Imposition of penalty on Kohinoor Sahakari Bank Ltd., Ichalkaranji(29.05.2023)
The Reserve Bank of India (RBI) has, by an order dated May 23, 2023, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Kohinoor Sahak.....
Tags : Imposition, Penalty, Non-compliance
TRAI: Double Penalty for Service Quality Violation(16.10.2015)
Telecom Regulatory Authority of India (TRAI) has doubled penalty for violation of norms based on which service quality is determined in an effort to m.....
Tags : TRAI, penalty
Notice under Section 274 of the IT Act should specifically state the grounds on which penalty was sought to be imposed(13.05.2022)
The present appeals have been filed by the assessee against the orders of the learned CIT(A). The Assessing Officer made addition on account of agricu.....
Tags : Penalty, Levy, Legality
Penalty for not Wearing Rear Seatbelt not New, Only Increased(10.09.2019)
Motor Vehicles (Amendment) Act, 2019 has increased the fine for not wearing the rear seatbelt to Rs 1000. The fine on the same had always existed as p.....
Tags : Penalty, Seatbelt
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
Reserve Bank of India imposes monetary penalty on SBM Bank (India) Ltd(16.10.2019)
The Reserve Bank of India (RBI) has, by an order dated October 15, 2019, imposed a monetary penalty of Rs. 3 crore on SBM Bank (India) Ltd. for non-co.....
Tags : Penalty, Imposition, SBM Bank
RBI imposes monetary penalty on Amrit Malwa Capital Limited, Jalandhar, Punjab(28.09.2021)
The Reserve Bank of India (RBI) has, by an order dated September 28, 2021, imposed a monetary penalty of Rs.10 lakh (Rupees Ten Lakh only) on Amrit Ma.....
Tags : Penalty, Imposition, Company
ITAT: Accepting Loans Through Journal Entries With Reasonable Cause Will Not Attract Penalty(22.07.2022)
Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that accepting loans through journal entries with reasonable cause will not attract penalty un.....
Tags : ITAT, Journal Entries, Penalty