The Court examined whether employees could be penalised under Section 122(1A) for company-level GST violations. It held that only “taxable persons” fall within the scope of the provision, excluding employees without independent registration.
The issue involved delayed recognition of credit losses under the earlier framework. RBI introduced ECL to ensure probability-based, forward-looking provisioning. The ruling highlights a move toward proactive financial risk management.
The Tribunal examined disallowance made for delayed employee contributions under Section 143(1). It held that debatable issues cannot be adjusted at the processing stage, resulting in relief to the assessee. The ruling clarifies procedural boundaries.
The issue involved providing paid stock tips and trading advice without SEBI registration. SEBI held such activities illegal and ordered refunds with penalties. The key takeaway is that unregistered advisory services attract strict regulatory action.
RBI notified the Foreign Exchange Management (Authorised Persons) Regulations, 2026 introducing revised eligibility, compliance, and operational conditions for authorised persons. The regulations also restructure forex operations through new categorisation and oversight mechanisms.
Authorities uncovered fraudulent ITC claims based on fake invoices without actual supply of goods or services. The accused was arrested under CGST Act provisions, reinforcing strict action against tax evasion.
The Authority found that core survey functions were carried out by unlicensed personnel. It held that such outsourcing violated regulatory norms and warranted licence cancellation.
The regulator cancelled a surveyor’s licence after finding false records, mismatched filings, and inaccurate disclosures. The ruling highlights strict compliance expectations in maintaining survey data.
The issue involved validity of penalty proceedings initiated through an unsigned notice. The Tribunal ruled that such a notice is invalid and cannot confer jurisdiction. The decision highlights the mandatory requirement of proper authentication.
The case involved submission of a forged diploma for obtaining and renewing a licence. The Authority held that continued reliance on a known fake document amounted to misrepresentation and cancelled the licence.
