![No Penalty for Non-Filing of BEN-2: MCA Accepts Explanation as Foreign Shareholder Dissolved Before SBO Compliance Window [Read Order]](https://images.taxscan.in/h-upload/2025/11/15/500x300_2105433-penalty-non-filing-of-ben-2-ben-2-mca-foreign-shareholder-taxscan.webp "No Penalty for Non-Filing of BEN-2: MCA Accepts Explanation as Foreign Shareholder Dissolved Before SBO Compliance Window [Read Order]")
No Penalty for Non-Filing of BEN-2: MCA Accepts Explanation as Foreign Shareholder Dissolved Before SBO Compliance Window [Read Order]
The Ministry of Corporate Affairs ( MCA ) has declined to levy any penalty for non-filing of Form BEN-2, after accepting the company’s explanation...
![Delay of 215 Days in Filing Board Resolution in Form MGT-14: MCA Imposes Penalty [Read Order]](https://images.taxscan.in/h-upload/2025/11/14/250x150_2105145-mca-penalty-taxscan.webp "Delay of 215 Days in Filing Board Resolution in Form MGT-14: MCA Imposes Penalty [Read Order]")
![CESTAT Quashes Penalty on Customs Officer Accused of Abetting Smuggling as Statement Recorded under Duress [Read Order]](https://images.taxscan.in/h-upload/2025/11/11/250x150_2104126-cestat-penalty-customs-officer-abetting-smuggling-cestat-quashes-taxscan.webp "CESTAT Quashes Penalty on Customs Officer Accused of Abetting Smuggling as Statement Recorded under Duress [Read Order]")
![No Customs Penalty for Misdeclaring Goods in Airway Bills: CESTAT sets aside ₹2L Penalty on Ajanta Pharma [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/250x150_2102739-customs-penalty-ajanta-pharma-no-customs-penalty-taxscan.webp "No Customs Penalty for Misdeclaring Goods in Airway Bills: CESTAT sets aside ₹2L Penalty on Ajanta Pharma [Read Order]")
![‘GSTAT Now Functional’: Telangana HC Directs to File Appeal Before Tribunal, Denies Adjustment of Tax Paid as Pre-Deposit [Read Order]](https://images.taxscan.in/h-upload/2025/11/05/250x150_2102583-gstat-telangana-hc-adjustment-of-tax-pre-deposit-file-appeal-before-tribunal-taxscan.webp "‘GSTAT Now Functional’: Telangana HC Directs to File Appeal Before Tribunal, Denies Adjustment of Tax Paid as Pre-Deposit [Read Order]")
Penalty for Delayed Excise Duty Payment to Be Calculated Only for Actual Days of Delay, Not Entire Month: CESTAT [Read Order]
The Delhi Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that penalties for delayed excise duty payments must be calculated only for the actual number of days of...
![Penalty for Delayed Excise Duty Payment to Be Calculated Only for Actual Days of Delay, Not Entire Month: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/11/03/500x300_2101877-penalty-delayed-excise-duty-payment-calculated-actual-delay-cestat-txn.webp "Penalty for Delayed Excise Duty Payment to Be Calculated Only for Actual Days of Delay, Not Entire Month: CESTAT [Read Order]")
Penalty on Co-Noticee u/s 112(a) of Customs Act Set Aside by CESTAT: Mere Classification Dispute Not Grounds for Confiscation [Read Order]
The Mumbai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) set aside a penalty of ₹1 lakh imposed on appellant under Section 112(a) of the Customs Act, 1962, holding that no...
![Penalty on Co-Noticee u/s 112(a) of Customs Act Set Aside by CESTAT: Mere Classification Dispute Not Grounds for Confiscation [Read Order]](https://images.taxscan.in/h-upload/2025/10/31/500x300_2101252-cestat-mumbai-penalty-on-co-noticee-customs-act-taxscan.webp "Penalty on Co-Noticee u/s 112(a) of Customs Act Set Aside by CESTAT: Mere Classification Dispute Not Grounds for Confiscation [Read Order]")
![AO fails to Specify Sub-Clause u/s 270A(9): ITAT deletes Penalty for Under-Reporting [Read Order]](https://images.taxscan.in/h-upload/2025/10/28/500x300_2100468-ao-sub-clause-us-270a9-itat-penalty-under-reporting-taxscan.webp "AO fails to Specify Sub-Clause u/s 270A(9): ITAT deletes Penalty for Under-Reporting [Read Order]")
Confiscation of 699.310 Grams of Gold Valued at Rs. 27.90 Lakh: Gauhati HC Rules Customs Appeal Not Maintainable as Value Below Rs. 1 Crore [Read Order]
The HIgh Court of Gauhati, in a case involving the confiscation of 699.310 grams of gold valued at Rs. 27.90 lakh, ruled that the Customs Department’s appeal was not maintainable as the value...
![Confiscation of 699.310 Grams of Gold Valued at Rs. 27.90 Lakh: Gauhati HC Rules Customs Appeal Not Maintainable as Value Below Rs. 1 Crore [Read Order]](https://images.taxscan.in/h-upload/2025/10/25/500x300_2099725-gold-confiscated-taxscan.webp "Confiscation of 699.310 Grams of Gold Valued at Rs. 27.90 Lakh: Gauhati HC Rules Customs Appeal Not Maintainable as Value Below Rs. 1 Crore [Read Order]")
Challenge on Supply of Reagent with equipment is ‘Composite Supply’ or ‘Mixed Supply’: Delhi HC Leaves Issue to Appellate Authority [Read Order]
The Delhi High Court has declined to adjudicate on whether the supply of reagents along with diagnostic equipment constitutes a ‘composite supply’ or a ‘mixed supply’ under the Goods and Services...
![Challenge on Supply of Reagent with equipment is ‘Composite Supply’ or ‘Mixed Supply’: Delhi HC Leaves Issue to Appellate Authority [Read Order]](https://images.taxscan.in/h-upload/2025/10/13/500x300_2096158-mixed-supply-composite-supply-taxscan.webp "Challenge on Supply of Reagent with equipment is ‘Composite Supply’ or ‘Mixed Supply’: Delhi HC Leaves Issue to Appellate Authority [Read Order]")
Income Tax Commissioner adjudicates Penalty Order instead of Re-assessment Order: ITAT Remands Sale Consideration Challenge for Reconsideration [Read Order]
The Nagpur bench of the Income Tax Appellate Tribunal (ITAT) remanded the sale consideration matter to the Commissioner, as it had adjudicated the penalty order instead of the re-assessment order. ...
![Income Tax Commissioner adjudicates Penalty Order instead of Re-assessment Order: ITAT Remands Sale Consideration Challenge for Reconsideration [Read Order]](https://images.taxscan.in/h-upload/2025/10/10/500x300_2095389-penalty-order-taxscan.webp "Income Tax Commissioner adjudicates Penalty Order instead of Re-assessment Order: ITAT Remands Sale Consideration Challenge for Reconsideration [Read Order]")
Lack of Due Diligence in Valuation of Rs. 1000 Crore Assets: IBBI Suspends Valuer's Registration for 2 Years [Read Order]
The Insolvency and Bankruptcy Board of India (IBBI) has suspended the registration of a Registered Valuer for a period of two years for lack of due diligence in the valuation of assets worth Rs....
![Lack of Due Diligence in Valuation of Rs. 1000 Crore Assets: IBBI Suspends Valuers Registration for 2 Years [Read Order]](https://images.taxscan.in/h-upload/2025/10/09/500x300_2095164-ibbi-registration-of-suspended-registered-valuer-entity-stay-order-bombay-high-court-taxscan.webp "Lack of Due Diligence in Valuation of Rs. 1000 Crore Assets: IBBI Suspends Valuers Registration for 2 Years [Read Order]")