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Archive: 22 January 2021

Posts in 22 January 2021

SEBI Imposes Penalty for not complying with summonses

January 22, 2021 2568 Views 0 comment Print

In re Dwitiya Trading Limited (SEBI) The conduct of the Noticee in not paying heed to the summonses issued by SEBI and resultant non-cooperation with the process of investigation cannot be taken lightly. The SEBI Act grants powers of investigation and collection of information/documents for the purposes of investigation. For this purpose, SEBI has been […]

Existence of alternate remedy not a bar for HC in exercise of power under Article 226

January 22, 2021 3375 Views 0 comment Print

Where there was non-consideration of material evidence by a statutory authority, judicial review by the High Court in exercise of it’s power under Art.226 of the Constitution of India is permissible, and existence of alternative remedy is not a bar for exercise of such power. 

Issue examined under original assessment cannot be reexamined by Reassessment

January 22, 2021 4842 Views 0 comment Print

Add. CIT Vs Ircon International Ltd (ITAT Delhi) When we examine the reasons recorded by the Assessing Officer in the instant case in the light of the decision of the Hon’ble Delhi High Court in the case of Madhukar Khosla (supra), it is evident that the Assessing Officer has merely perused the records available with […]

HC accepts Petition against Delhi Gymkhana for Denial of Green Card to A Class of Member

January 22, 2021 2322 Views 0 comment Print

Naresh Dayal & Ors. Vs Delhi Gymkhana Club Ltd. & Ors. (Delhi High Court) The present suit has been filed by seven plaintiffs who are all members of defendant No.1 Club in a representative capacity claiming that they are the permanent members of defendant No.1 which has 5553 permanent members, about 4925 person enjoy the […]

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