The Court ruled that interest cannot be imposed in adjudication if it was not specified in the show cause notice. The decision reinforces that authorities cannot exceed the scope of the original notice under GST law.
The adjudicating authority penalized an individual for possessing dual DINs. The order reinforces strict compliance with DIN-related provisions under company law.
The authority penalized the company for conducting only one Board meeting instead of the required four in a year. It held that non-compliance with Section 173(1) attracts penalty under Section 450.
Holds that failure to appoint a whole-time Company Secretary within the statutory timeline attracts penalty under section 203(5). The key takeaway is that delays, even if due to transition issues, do not excuse non-compliance.
SEBI allows NPOs to remain registered on SSE for up to three years without fundraising. The move enhances flexibility and encourages wider participation in social funding platforms.
The issue involved revision of tariff values for key imported goods under customs law. The notification amends valuation tables to reflect updated international prices, ensuring uniform duty calculation and regulatory consistency.
Rebate under Section 87A includes STCG for eligibility but cannot be applied to such income. This creates a limitation in tax benefit for taxpayers earning capital gains.
Reassessment proceedings was invalid for a notice issued beyond three years without the sanction of the prescribed higher authority as prior approval must mandatorily be obtained from the authorities specified under Section 151(ii) and approval by the Principal Commissioner was not valid in such cases.
IRDAI delegates Section 34 powers between Whole Time Members and Chairperson. The move aims to streamline enforcement actions and improve regulatory efficiency.
The issue revolved around expansion of scrutiny from cash deposits to entire bank credits. The Tribunal ruled that such expansion without mandatory approval renders the assessment void and unsustainable.
