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Archive: 02 July 2024

Posts in 02 July 2024

Violation of Section 10A of Companies Act: MCA imposes Rs. 3.5 Lakh Penalty

July 2, 2024 20214 Views 0 comment Print

Adjudication of penalties for 5B Industries India Pvt Ltd for violating Section 10A of the Companies Act, 2013. Learn about the case details and imposed penalties.

Inspections on SEBI (PIT) Compliance & Setting up of Internal Controls

July 2, 2024 534 Views 0 comment Print

Explore SEBI’s strict enforcement of SEBI (PIT) regulations, including structured digital databases and internal controls. Learn about recent penalties and compliance measures for market intermediaries.

Madras High Court Stays further proceedings in challenge to residual entry at Serial No. 453 of Schedule III of Rate Notification

July 2, 2024 666 Views 0 comment Print

Madras High Court stays further proceedings in Polyspin Pvt Ltd’s challenge to residual entry at Serial No. 453 of GST Rate Notification, citing ultra vires concerns.

Insufficient response time for SCN: HC remits case back to PCIT for reconsideration

July 2, 2024 339 Views 0 comment Print

Himachal Pradesh HC sets aside order U/S 143(3) of the Income Tax Act due to insufficient response time for SCN, remits case back to PCIT for reconsideration.

Ensure Innocent Persons Are Not Arrested Due To Mistaken Identity: Kerala HC

July 2, 2024 279 Views 0 comment Print

Kerala HC directs State Police Chief to prevent arrests of innocent individuals due to mistaken identity, ensuring proper verification before detainment.

Unjust enrichment not applies to deposit under protest; CESTAT allows 6% interest on deposit

July 2, 2024 402 Views 0 comment Print

Principle of unjust enrichment not apply to deposit under protest during pendency of adjudication proceedings or investigation; CESTAT allows interest @6% per annum from the date of deposit till the date of refund

Madras HC Sets Aside VAT Order of ₹1.6cr Due to Hasty Assessment

July 2, 2024 228 Views 0 comment Print

Read the detailed Madras High Court judgment on the rejection of a ₹1.6cr VAT assessment due to undue haste in issuing orders. Analysis and implications discussed.

HP HC Quashes Unreasoned Orders passed by Ignoring Submissions

July 2, 2024 393 Views 0 comment Print

Explore Himachal Pradesh High Court’s landmark decision quashing unreasoned orders that overlooked crucial submissions and documents.

AP HC Quashes TDS Prosecution for Belated Deposit as reasonable cause exist

July 2, 2024 1053 Views 0 comment Print

Andhra Pradesh High Court quashes prosecution against Aditya Institute for delayed TDS deposit, citing reasonable cause under Section 278AA of the Income Tax Act.

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