Non-filing of mandatory MGT-14 for approval of accounts resulted in statutory penalties. The order reinforces strict compliance with board resolution filing requirements.
The dispute centered on unexplained investment taxed in an incorrect year. The Tribunal ruled that such an addition is legally unsustainable and must be deleted.
CESTAT Allahabad held that the case of imposition of penalty under section 114A of the Customs Act would be covered under regulation 3 (2) (c) and hence appellant is not eligible for grant of License for Private Warehouse under section 58 of the Customs Act.
The ROC imposed the highest permissible penalty for not filing MGT-14 on approval of accounts. The order reiterates that continued non-compliance with section 117 invites strict financial consequences.
Orissa High Court held that recovery towards arrear electricity duty demand set aside since there is procedural flaw in Odisha Public Demands Recovery Act, 1962 [OPDR proceeding] and violation of principles of natural justice. Accordingly, writ petition stands allowed.
The exemption was rejected only due to delayed electronic filing of Form 10. The Tribunal ruled that procedural delay cannot override substantive compliance made before assessment completion.
A company crossing the ₹300 crore turnover threshold was penalised for delayed appointment of a woman director. The ruling reiterates that late compliance does not erase liability under the Companies Act.
Calcutta High Court held that the present petition is liable to be dismissed on account of lack of jurisdiction in as much as the alleged infringements has occurred in Delhi and not in West Bengal. Accordingly, the writ is dismissed.
The dispute concerned cancellation of IDS benefits due to non-payment. The Tribunal held that once IDS lapses, undisclosed income is taxable with mandatory penalty.
The dispute centered on whether appeals could be dismissed merely on filing a VSV application. The Tribunal ruled that rejection or non-approval of VSV keeps appeals alive.
