The petitioner alleged denial of hearing and cross-examination. The Court ruled that no such violation was established at this stage and deferred such issues to appropriate proceedings.
The case examined whether reassessment proceedings were valid when approval was obtained from an incorrect authority. The Court held the sanction invalid as it did not comply with statutory requirements, rendering the reassessment void. The ruling highlights strict adherence to approval hierarchy in reopening cases.
The court examined cancellation of GST registration issued without stating any reasons. It held such non-speaking orders invalid and restored registration, emphasizing that reasoned orders are mandatory.
The ruling clarifies that unverified excel sheets seized from third parties cannot justify additions without corroborative evidence. The Tribunal stressed that assumptions cannot replace proof in tax proceedings.
The High Court ruled that rejecting condonation requests through mere communication without a speaking order is invalid. Authorities must pass reasoned decisions after proper consideration.
The issue concerns whether startups can sell regulated products without BIS certification. It is established that certification is mandatory under QCOs, and non-compliance can lead to penalties, bans, or closure.
The issue concerns compliance delays in director KYC filings. The amendment imposes a ₹5,000 penalty for late submission, reinforcing timely regulatory compliance.
The issue was whether an insolvency professional fulfilled due diligence obligations under Section 29A. The Committee held that failure to verify and disclose disqualification of a wilful defaulter invalidated the process. It emphasized that eligibility must be continuously assessed and cannot be ignored at later stages.
The issue was regulatory overlap after asset management services were restricted. The Authority removed a conflicting provision, ensuring compliance and clarity in ship leasing operations.
The issue was the lack of a unified process for rights issues in IFSCs. The Authority introduced a detailed framework mandating disclosures, timelines, and compliance standards.
